Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (1463)	12/27/2006 11:57:45 AM
From: richardred	Read Replies (3) \| Respond to of 7259

This could possibly be another buyer. I regard this as a hot area (PUMPS). Due to world infrastructure building at the Municipal and corporate level. GE is in the water business big. Someone needs to pump it. IDEX Closes on $600M Credit Facility Friday December 22, 12:37 pm ET IDEX Closes on Five-Year, $600 Million Credit Facility to Replace Its Existing Revolver NORTHBROOK, Ill. (AP) -- IDEX Corp., which makes pumps and valves, on Friday said it closed on a $600 million amended credit facility. The five-year, senior revolving credit facility replaces the company's previous $600 million credit facility, which was scheduled to expire on Dec. 14, 2009. IDEX financed the new credit facility through a syndication of 15 financial institutions, co-led by Banc of America Securities LLC and Wachovia Capital Markets LLC. Shares of IDEX lost 30 cents to $46.46 in midday trading on the New York Stock Exchange.

To: richardred who wrote (1463)	12/27/2006 12:36:44 PM
From: richardred	Respond to of 7259

Jumped the gun. This is the news I saw. Still like pump businesses. Gorman-Rupp Subsidiary Receives Order for Orleans Flood Control Pumps Wednesday December 27, 12:22 pm ET MANSFIELD, Ohio--(BUSINESS WIRE)--The Gorman-Rupp Company (AMEX:GRC - News) reports that its subsidiary Patterson Pump Company has received an order for approximately $15.0 million for pumps to be used in New Orleans, Louisiana flood control. The eight pumps ordered have a capacity of 135,000 gallons per minute each and will be installed at the London Avenue Pumping Station in conjunction with a Corps of Engineer project. It is anticipated that all of the pumps will be shipped and revenue received by mid-year 2007. The Gorman-Rupp Company designs, manufactures and sells pumps and related equipment (pumps and motor controls) for use in water, wastewater, construction, industrial, petroleum, original equipment, agriculture, fire protection, heating ventilating and air conditioning (HVAC), military and other liquid handling applications. Contact: The Gorman-Rupp Company David P. Emmens, Corporate Secretary, 419-755-1477 Source: The Gorman-Rupp Company biz.yahoo.com