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SOURCE Analysts' Corner
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NEW YORK, October 11, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Cooper Tire & Rubber Co. (NYSE: CTB), Wolverine World Wide Inc. (NYSE: WWW), Sealed Air Corporation (NYSE: SEE), Ball Corporation (NYSE: BLL), and Berry Plastics Group, Inc. (NYSE: BERY). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Cooper Tire & Rubber Co. Research Report
On October 4, 2013, Cooper Tire & Rubber Company (Cooper) announced that it has filed a complaint in Delaware Chancery Court asking that subsidiaries of Apollo Tyres Ltd (ApolloTYRE) be required to expeditiously close the pending merger between the two tire companies in accordance with the terms of the definitive merger agreement. Earlier, on September 30, 2013, Cooper stockholders voted overwhelmingly to approve the pending merger, satisfying Cooper's final affirmative condition under the merger agreement for closing the $2.5 billion, all-cash transaction. Cooper informed that the pending merger was announced on June 12, 2013 after the boards of directors of both companies unanimously approved the sale of Cooper to a wholly-owned subsidiary of Apollo for $35 per share. Cooper Chairman, CEO and President Roy Armes said, "Cooper has an obligation to protect the rights of our stockholders, who voted overwhelmingly in favor of the merger. With their approval, we have met our conditions for closing. The complaint filed today is a necessary step in the process to assure that the terms of the merger agreement are met as required and that we do everything possible to get the transaction closed promptly." The Full Research Report on Cooper Tire & Rubber Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/a5c6_CTB]
Wolverine World Wide Inc. Research Report
On October 8, 2013, Wolverine Worldwide Inc. (Wolverine Worldwide) reported its Q3 FY 2013 financial results (period ended September 7, 2013). The Company reported revenue of $716.7 million, a 103.0% YoY growth. The Company's gross margin increased to 39.9% from 39.2% in Q3 FY 2012, primarily due to favorable channel mix, partially offset by foreign exchange contract losses. The Company reported net earnings attributable to Wolverine Worldwide of $54.4 million, or diluted EPS of $1.08 for the quarter, compared to net income of $32.7 million or diluted EPS of $0.66 in Q3 FY 2012. "The power of the Company's 16-brand portfolio, combined with strong execution of growth strategies by our team, led to an outstanding quarter," said Blake W. Krueger, Chairman and CEO. "Double-digit revenue increases across many of our brands, such as Merrell, Sperry Top-Sider, Saucony, Keds, Chaco and Cushe, helped drive the phenomenal earnings performance. Additionally, solid single-digit revenue growth in North America and excellent double-digit growth in Latin America, Asia Pacific and EMEA reflect the impressive global momentum of our business." The Full Research Report on Wolverine World Wide Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/a7b4_WWW]
Sealed Air Corporation Research Report
On October 8, 2013, Sealed Air Corporation (Sealed Air) announced price increases ranging from 4% to 9% for most products in the Company's Food Care and Product Care divisions in North America. The Company informed that these actions are a direct result of recent significant price increases announced in September 2013 by major petrochemical suppliers in the North American market. Sealed Air reported that the price increases will be effective as of November 1, 2013 at the latest, or as allowed by existing contracts. Jerome A. Peribere, Sealed Air President and CEO commented that "the Company is seeking to minimize the cost increases and their impact on our customers; however, we need to offset them through a responsible price policy that enables us to continue to invest in service and innovation and serve our customers long term." The Full Research Report on Sealed Air Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5550_SEE]
Ball Corporation Research Report
On September 24, 2013, Ball Corp. (Ball) announced the schedule of its Q3 2013 earnings release. The Company will report its earnings on October 24, 2013, Thursday, before trading begins on the New York Stock Exchange. In addition, the Company will hold its regular quarterly conference call to discuss the results and performance at 7 a.m. Mountain Time (9 a.m. ET) on the same day. The Full Research Report on Ball Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/a717_BLL]
Berry Plastics Group, Inc. Research Report
On October 4, 2013, Berry Plastics Group Inc. (Berry Plastics) announced that Ronald S. Rolfe has been appointed to the Company's Board of Directors. Mr. Rolfe will also serve as a member of the Company's Audit Committee. Jon Rich, Chairman and CEO of Berry Plastics, commented, "Ron is highly regarded in the legal community and we are honored to have him join our Board." Mr. Rolfe previously served as a member of the Litigation Department at Cravath, Swaine & Moore LLP for more than 40 years. The Full Research Report on Berry Plastics Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/cab7_BERY]
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