How Are General Electric Company(NYSE:GE), Dresser-Rand Group Inc.(NYSE:DRC), and Xylem Inc(NYSE:XYL) Faring In The Manufacturing Industry?
New York, NY – GDP INSIDER – 10/16/2014.
This article discusses three manufacturing companies: General Electric Company(NYSE:GE), Dresser-Rand Group Inc.(NYSE:DRC), and Xylem Inc(NYSE:XYL)
General Electric Company(NYSE:GE) saw its value fall to a new 52 week low of $23.69 during yesterday’s trading. On Oct. 14th, the company announced that it had arranged a senior secured revolving credit facility for All American Oil & Gas, Inc., which will refinance the company’s debt and fund reserve development in Bakersfield, California. GE also announced on that same day that it had entered into a contract with ENKA to supply power generation equipment for the new combined-cycle plant being developed by Qaiwan Group in Iraq.
Dresser-Rand Group Inc.(NYSE:DRC) is currently facing a class action lawsuit in relation to the proposed sale of the company to Siemens AG. The deal will reward Dresser-Rand shareholders $83 per share in cash in exchange for each share of the company. Currently Dresser-Rand is only valued at $79.61 and the company’s trading price has not exceeded the $82.95 mark over the past 52 weeks. This may be a case where the company’s shareholders wish to protect potential than actual value.
Xylem Inc(NYSE:XYL) declared a quarter four dividend of $0.128 per share yesterday afternoon. The company currently has a bid price of $25.16 x 100 and an offer price of $46.00, figures which suggest the company’s value may soon fluctuate. Xylem, which will be releasing its third quarter financial results on Oct. 28th, 2014, is a New York-based diversified machinery company that designs and manufacturers engineered technologies for water and wastewater applications.
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