$CVBF expects the VCBP acquisition to modestly add to earnings in 2017, excluding one-time transaction costs. Company estimates tangible book value dilution at close of about 1% to be earned back within 3 years.
$LW said its European joint venture, Lamb-Weston/Meijer v.o.f.,
has signed an agreement to acquire the potato division of Oerlemans Foods
Nederland B.V. The acquisition includes a frozen potato processing facility in
Broekhuizenvorst, Netherlands, and is expected to be completed later in 2017.
$CHS' BoD has nominated Deborah L. Kerr for election at the company's
annual meeting on June 22, 2017. Ms. Kerr will fill the remaining one year term
of Ross E. Roeder, who is retiring from the Board effective at the annual
meeting. She currently serves on the boards of directors of DH Corporation and
EXLService Holdings, Inc.
$GBX announced the opening of GBSummit, a railcar axle machining
facility, jointly owned by $GBX and Sumitomo Corporation of Americas. GBSummit
can currently produce up to 12,000 axles per year. GBSummit will grow its axle
production to 50,000 axles per year over the next 36 months.
With regards to exit of FirstEnergy Solutions, a subsidiary of $FE, the company completed a major initiative with the banks at the end of last year to restructure bank lines. DOE wants to prevent the fuel-secure baseload assets from closing. Depending upon the DOE's study, the exiting of FES might get delayed, the company added.