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New York, NY -- (SBWIRE) -- 10/18/2012 -- Orient-Express Hotels Ltd (NYSE:OEH) is +3.29 - +36.47% from the previous close of $9.02. It traded between $8.93 - 12.58 with total traded volume of 4296515 shares. Keep a close eye on OEH, as the stock has been showing unusual moves over the past weeks. At Current market price, OEH has recovered +99.84% from its 52-week Low of 6.16 and has Pulled back +10.90% from its 52-week high of 11.10. Orient-Express Hotels Limited seeking their consent for IHCL acquiring the balance outstanding 93.1% Class A common Shares of Orient-Express Hotels Limited i.e. 100%. The Company proposes to finance the acquisition of such shares and related transaction costs through a combination of debt and equity. Total funds required to consummate the transaction is in place. The Company also has an agreement with Montezemolo & Partners an important Italian company directly owned by the Montezemolo family who is the Manager of Charme II Fund, which will be a minority shareholder in the Special Purpose Vehicle set up for the transaction.
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Wesco International Inc. WCC +13.77% (NYSE:WCC) has agreed to acquire Canada’s Eecol Electric Corp. and its affiliated companies for about 1.14 billion Canadian dollars ($1.16 billion) to expand Wesco’s South American presence. Shares of Wesco, which distributes electrical products, jumped 10% to $63 premarket.WCC was also up, increasing 11.63 percent to $63.82 following an earnings beat and reports that it would be acquiring EECOL Electric for $1.16 billion.
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Broadwind Energy (NAS: BWEN) applies decades of deep industrial expertise to innovate integrated solutions for customers in the energy and infrastructure markets. From gears and gearing systems for wind, oil and gas and mining applications to wind towers, to comprehensive remanufacturing of gearboxes and blades, to operations and maintenance services, and industrial weldments, we have solutions for the energy needs of the future. With facilities throughout the U.S., Broadwind Energy's talented team of 800 employees is committed to helping customers maximize the performance of their investments—quicker, easier and smarter. Shares of Broadwind Energy, (NCM: BWEN) are trading at $2.83 and is +30.81% of its 50-day Moving Average price of $2.1634 and +0.30% from its 200-day Moving Average price of $2.8214. The average trading volume is 71723 shares and its market capitalization is $39.9M.
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Lam Research Corporation (NASDAQ:LRCX) reported first quarter fiscal 2013 non-GAAP earnings of 53 cents per share, handily beating the Zacks Consensus Estimate of 41 cents by 29.3%. The beat, which could be attributed to strong revenue growth, led the share price to hike 1.0% in the after-hours.Lam Research’s revenue of $906.9 million grew 22.3% sequentially and 33.3% from a year ago. The year-over-year improvement was aided by higher shipments, which indicated escalating demand for LRCX product suites. Revenue contribution from North America in the first quarter was 18.0%, up from 12.0% in the prior quarter. Europe’s contribution remained flat sequentially at 7.0%, while the contribution from Japan edged up from 7.0% in the prior quarter to 8.0%. Contribution from Korea was 24.0% of the total revenue, down from 39.0% in the prior quarter, Asia Pacific was 15.0%, up from 10.0% in the fourth quarter of 2012 and Taiwan were 28.0%, climbed from 25.0% in the fourth quarter of 2012.
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