Modine Manufacturing Co. (NYSE:MOD) reported yesterday that Holger Schwab will take over the role of regional vice president – Europe. Previously, he worked 17 years at Valeo and was most recently that company’s vice president wiper systems, global, out of Paris. Shares are trading 3.19% higher today.
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Patriot Coal Corporation (NYSE:PCX): Tuesday’s trading saw paper and forest product shares as relative leaders, up on the day by around 33.33%. Verso Paper (NYSE:VRS) shares led, up around 47.86%, and Mercer mining shares were up on the day by around 3% as a group, with Patriot Coal as a leader (trading higher by approximately 13.8%) and Arch Coal (NYSE:ACI), trading higher by around 3.81%.
Microsoft Corporation (NASDAQ:MSFT): After Microsoft’s $1.2B deal for its competitor Yammer, Jive Software (NASDAQ:JIVE) is planned to appeal to potential acquirers, Bloomberg writes. Jive boasts the fastest sales growth in the applications software realm, and also supplies companies with social networking software to assist employees in communicating and working together on projects. As reported by Bloomberg based on a compilations of analysts’ estimates, Jive might post a 157% rise in revenue through 2014. Potential acquirers include SAP AG (NYSE:SAP) and Oracle (NASDAQ:ORCL). Shares of Microsoft are trading 0.65% higher today.
M*Modal (MODL): One Equity Partners reported late Monday it is purchasing tech services company M*Modal for around $1.1B. This $14/share agreement is an 8.3 percent premium to M*Modal’s close Monday. One Equity Partners is the private investment unit of JPMorgan.
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