Boston, MA 04/03/2014 (wallstreetpr) – Although Nordion Inc (USA) (NYSE:NDZ) has agreed to an acquisition deal with a U.S. buyer, there are emerging issues which could delay the closure of the transaction. First and foremost, the company, having got its board of directors to okay the deal, must get shareholder endorsement of the transaction. Already a call has been put to shareholders to vote in favor of the buyout deal. And there is little to worry about shareholder decision. The concern that remains is about the foreign investment policy in Canada to which Nordion is subject to. In order for the transaction to see the light of the day, a lift of current restriction on foreign investment must be lifted by the federal government. It goes that the government has in place rules which seek to prevent ownership of more than 25 percent of stake in Nordion by non-residents. Nordion Inc (USA) (NYSE:NDZ)’s acquisition deal was entered into with Sterigenic Inc which has agreed to pay premium price to take the company private. The deal spells transaction of $11.75 per share of NDZ, which translates to about $727 million.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) has witnessed impressive stock price rally in the past several weeks. In so doing, important price barriers have been crashed and new historic prices put in place. That in the past 12 weeks the stock is up almost 12 percent, suggesting quite a decent short-term price momentum. At this juncture, the question on the mind of many an investor is whether there is more room for the stock to gain or a pullback is lurking on the horizon. Looking at the earnings estimate revisions around the stock, there is cause for alarm. In that in the past two months, the stock has suffered one negative estimate revision and no positive revision. On that, it means that consolidation and pullback are ahead of the road for Park-Ohio Holdings Corp. (NASDAQ:PKOH).
Alliant Energy Corporation (NYSE:LNT) plans to spend more in the current year in expanding its operations that it did in the previous year. The company has earmarked investment of $945 million this year in utility businesses, compared with $731.6 million which when into acquisitions and construction works in 2013.