Thread- $TEX (Terex Corporation)

$TEX {{ '2016-05-16T14:51:11+0000' | timeago}} • Announcement

$TEX said it will sell its Material Handling and Port Solutions business for about $1.3Bil, which comprised of $820MM in cash and $19.6MM newly issued shares of Konecranes. Upon completion, $TEX will own about 25% of outstanding shares of Konecranes and have right to nominate 2 directors. The deal is expected to close in Jan. 2017.

$NAVG {{ '2017-05-26T11:10:38+0000' | timeago}} • Announcement

$NAVG's BoD declared 2Q17 cash dividend of $0.06 per share of common stock, reflecting a one and one-half cent increase over the previous quarter's dividend. The dividend will be payable on June 30, 2017 to stockholders of record on June 9, 2017.

$BH {{ '2017-05-26T11:08:29+0000' | timeago}} • Announcement

$BH's subsidiary BHIC Inc. agreed to buy Western Service Contract Corp., parent of Pacific Specialty Insurance Co., and its affiliated agency McGraw Insurance from its shareholders Michael J. McGraw and John M. McGraw for $299.5MM. The transaction is expected to be completed in 3Q17.

$CDK {{ '2017-05-26T11:06:07+0000' | timeago}} • Announcement

$CDK said that CFO, Al Nietzel, will be leaving the company to pursue other interests, effective May 31, 2017. $CDK's EVP, General Counsel and Secretary, Lee Brunz, will serve as interim CFO, while retaining his other duties, until a new CFO is appointed. The company has commenced a comprehensive search for a permanent replacement.

$EAT {{ '2017-05-26T11:03:07+0000' | timeago}} • Announcement

$EAT BoD declared a quarterly dividend of $0.34 per share on the company's common stock. The dividend will be payable June 29, 2017 to shareholders of record as of June 12, 2017.

$THG {{ '2017-05-26T11:00:25+0000' | timeago}} • Announcement

$THG appointed Bryan Salvatore as EVP and president of specialty, effective June 12. In this role, Salvatore will lead the company's domestic specialty business, leveraging and expanding its capabilities to help its agent partners capitalize on the increasing opportunities in the specialty business.

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