NEW YORK, December 31, 2014 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including PPG Industries (NYSE: PPG), Praxair (NYSE: PX), Precision Castparts (NYSE: PCP), Pretium (NYSE: PVG), and Primero Mining (NYSE: PPP). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
PPG Research Report: ( http://get.analystsreview.com/pdf/?c=PPG%20Industries&d=31-Dec-2014&s=PPG ),
PX Research Report: ( http://get.analystsreview.com/pdf/?c=Praxair&d=31-Dec-2014&s=PX ),
PCP Research Report: ( http://get.analystsreview.com/pdf/?c=Precision%20Castparts&d=31-Dec-2014&s=PCP ),
PVG Research Report: ( http://get.analystsreview.com/pdf/?c=Pretium&d=31-Dec-2014&s=PVG ),
PPP Research Report: ( http://get.analystsreview.com/pdf/?c=Primero%20Mining&d=31-Dec-2014&s=PPP ).
Analyst Update: Acquisitions, Upcoming Events, Credit Agreement, Subscription Agreements, and Exploration Update
Reviewed by: Rohit Tuli, CFA®
The U.S. stock market ended in red on Tuesday with energy stocks being the worst performers of the day. A less than expected December 2014 consumer confidence index (CCI) figure deterred investor confidence further. The U.S. CCI climbed to 92.6 in December from a revised 91.0 last month, below a post-recession high of 94.1 set in October 2014. The DJIA declined 0.31%, S&P 500 dropped 0.49% and the Nasdaq Composite weakened 0.61% during the session. The European stock market also declined, led by weakness in energy companies as Brent oil fell to a five and a half year low on persistent concerns about a global supply glut. The Asian stock market closed broadly lower too. The Japanese government on Tuesday agreed to a tax reform, approving a plan to cut corporate taxes by 2.51 percentage point from April 2015 and then by another 0.78 percentage points in the following year, in an effort to spur economic growth.
Leading coatings and specialty materials company, PPG Industries, Inc. (PPG Industries) has entered into exclusive negotiations with the AXSON Group to acquire REVOCOAT. The transaction would equip the Company with an enhanced product portfolio, strengthening its existing offering of sealant and adhesive products in the automotive industry.
Praxair, Inc. (Praxair) will showcase its most recent product, ColdFrontTM cryo-saver tunnel freezer at the International Production and Processing Expo (IPPE) in Atlanta, Georgia, during January 27-29, 2015.
Precision Castparts Corporation (Precision Castparts) has entered into a 364-Day Credit Agreement with Bank of America, as Administrative Agent, Citibank, and Wells Fargo Bank, National Association, as Syndication Agents.
Pretium Resources Inc. (Pretium) has agreed to enter into subscription agreements with certain shareholders who intend to maintain their respective pro rata interests in the Company in relation to previously announced strategic investment by Zijin Mining Group Co., Ltd. (Zijin) for 12,836,826 common shares of Pretium.
Primero Mining Corp. (Primero Mining) provided exploration program updates for two locations - San Dimas mine and Ventanas exploration property, located in Mexico. According to the Company, its San Dimas mine exploration program is focused on increasing resources close to existing infrastructure, while its Ventanas exploration program is focused on increasing the existing resource and includes drilling on two past producing veins and systematic channel sampling.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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