Atlanta, GA – Scibility Media – 10/21/2014.
This article discusses two companies: IDEX Corporation(NYSE:IEX) and Targa Resources Partners LP(NYSE:NGLS)
IDEX Corporation(NYSE:IEX) announced its third quarter financial results after the markets closed yesterday. The reported figures included a 9% increase in sales, earnings per share figure of $0.88, up $0.10 from the same period during the previous fiscal year, and an overall net income of $71 million for the period. Additionally, the company will also be paying a quarterly cash dividend of $0.28 per share on Oct. 31st, 2014.
The Illinois-based company provides pumps, flow meters, and other fluidic systems and components around the world. IDEX Corporation is also known for its fire and safety products expertise, which include the Jaws of Life family of rescue and recovery tools.
Targa Resources Partners LP(NYSE:NGLS) is attempting to acquire Atlas Energy, LP. However, its potential acquisition is facing an investigation from Levi & Korsinsky regarding possible breaches of fiduciary duty and violations of state law in connection with the sale. Atlas Energy shareholders question whether the company’s board adequately attempted to find the best value for the company. Under the agreement, Targa Resources would acquire Atlas Pipeline Partners LP and Atlas Energy LP for around $7.7 billion.
Targa Resources will be announcing its third quarter 2014 financial results before the markets open for trading on Nov. 4th, 2014 and will be hosting a conference call on the same day to discuss the figures.
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