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SOURCE Analysts Review
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NEW YORK, June 9, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Precision Drilling Corporation (NYSE: PDS), Ferro Corp. (NYSE: FOE), PolyOne Corporation (NYSE: POL), Penn West Petroleum Ltd. (NYSE: PWE) and Franco-Nevada Corporation (NYSE: FNV). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3485-100free.
Precision Drilling Corporation Analyst Notes
On June 3, 2014, Precision Drilling Corporation (Precision) announced the closing of its previously announced private offering of $400.0 million aggregate principal amount of 5.250% Senior Notes due 2024 (the "Notes"). The Company stated that the Notes were guaranteed on a senior unsecured basis by current and future US and Canadian subsidiaries of the Company. The full analyst notes on Precision are available to download free of charge at:
Ferro Corp. Analyst Notes
On June 4, 2014, Ferro Corp. (Ferro) announced that it will undertake three strategic actions to advance its value creation strategy. The Company stated that it has entered into a definitive agreement with A. Schuman, Inc. to sell substantially all of the assets in its Specialty Plastics business for $91 million in cash which will approximately result into net proceeds of $87 million - to be used to pay debt. Ferro informed that it has launched a process to market its Polymer Additives business in order to improve the financial performance of the Company by building on its core competencies in glass and color technologies. The Company also announced plans of refinancing its existing $250 million 7.875% Senior Notes due in 2018 with long-term debt and is negotiating with its bank group to refinance its revolving credit facility. The full analyst notes on Ferro are available to download free of charge at:
PolyOne Corporation Analyst Notes
On June 2, 2014, PolyOne Corporation (PolyOne) announced that it has been chosen by Biomerics as the exclusive distributor for its Quadrathane, Quadraflex, and Quadraplast medical-grade thermoplastic polyurethanes in North America. The Company informed that, Thermoplastic polyurethanes are used in a variety of medical device applications vascular access catheters, introducers, drainage catheters and interventional radiology devices. According to Mark Crist, President, PolyOne Distribution, the Biomerics' Quadra biomaterials greatly complement the Company's healthcare portfolio and will further enhance the Company's ability to help customers accelerate speed-to-market, meet or exceed product performance requirements, and fasten regulatory approvals. Travis Sessions, CEO of Biomerics, said, "Biomerics chose PolyOne Distribution to increase access of our materials and technology to the larger healthcare market. Given its strong market presence and specialty portfolio, PolyOne Distribution was a natural fit." The full analyst notes on PolyOne are available to download free of charge at:
Penn West Petroleum Ltd. Analyst Notes
On June 4, 2014, Penn West Petroleum Ltd. (Penn West) announced the voting results of the Company's Annual General Meeting of Shareholders held on June 4, 2014, which approved all resolutions outlined in the Notice of 2014 Annual General Meeting and Management Proxy Circular dated May 1, 2014. According to the voting results, eight nominees were elected as Directors of the Corporation to hold office until the next annual meeting of shareholders, namely James E. Allard, George H. Brookman, John Brydson, Giilian H. Denham, Richard L. George, David E. Roberts, James C. Smith, and Jay W. Thornton. The Company added that in the meeting, an advisory resolution regarding the Company's approach to executive compensation was also approved. In addition, the Company informed that KPMG LLP, Chartered Accountants, will be its auditor for the ensuing year. The full analyst notes on Penn West are available to download free of charge at:
Franco-Nevada Corporation Analyst Notes
On June 4, 2014, Franco-Nevada Corporation's (Franco-Nevada) stock increased 0.97%, ending the day $46.79. Over the previous three trading sessions, shares of the Company increased 0.54% compared with S&P 500 which also increased 0.22% during the same trading period. The full analyst notes on Franco-Nevada are available to download free of charge at:
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