5 Stocks Winning 52-Week Highs in Today’s Trading: CMI, ASTE, CHG, CSL, CTFO

Cummins Inc. (NYSE:CMI): Westport Innovations (NASDAQ:WPRT) has entered into a supply agreement with Cummins (NYSE:CMI) to allow manufacturing of the Westport HD 15 litre engine in a Cummins manufacturing facility in Jamestown, New York. The supply agreement term is for three years beginning from the date the first Westport technology-equipped engine is shipped by Cummins after Westport meets the minimum volume threshold. The shares closed at $123.30, up $1.23 or 1.01% on the day. They have traded in a 52-week range of $79.53 to $123.81.

Astec Industries (NASDAQ:ASTE): The international backlog at Dec. 31, 2011 was $131.6M vs. $122.1M at end of 2010, an increase of 8%. All backlog amounts for 2010 have been restated to reflect 2011 acquisitions. The shares closed at $38.97, up $2.51 or 6.88% on the day. They have traded in a 52-week range of $26.53 to $39.97.

Ch Energy Group (NYSE:CHG): CH Energy Group has entered into a definitive merger agreement with Fortis Inc., the largest investor-owned distribution utility in Canada, under which Fortis will acquire CH Energy Group for an aggregate purchase price of approximately $1.5B, including the assumption of approximately $500M of debt. The all-cash transaction will provide $65 per share to common shareholders of CH Energy Group, parent company of Central Hudson Gas & Electric Corporation, an approximate 10.5 percent premium above CH Energy Group’s closing stock price on February 17, 2012, the last trading day before the announcement; a premium of 13.1% above its most recent 20-day trading average of $57.49; and approximately 10.4 times its 2011 EBITDA. Subject to regulatory approvals and other customary closing conditions, the transaction is expected to close in the first quarter of 2013. The shares closed at $66.22, up $7.45 or 12.68% on the day. They have traded in a 52-week range of $47.44 to $59.74.

Carlisle Companies (NYSE:CSL): Carlisle Companies Incorporated announced that it has entered into a definitive agreement to acquire Hertalan Holding B.V., for a purchase price of approximately EUR38M, or $50M at current exchange rates. Hertalan is a manufacturer of EPDM-based roofing membranes and industrial components serving key European markets. With annual sales of approximately EUR25M, Hertalan has 130 employees and operates facilities in Kampen, the Netherlands and Baia Mare, Romania. The shares closed at $50.48, up $1.32 or 2.69% on the day. They have traded in a 52-week range of $29.88 to $50.60.

China Transinfo Tech (NASDAQ:CTFO): China TransInfo Technology announced that its Board of Directors has received a preliminary, non-binding proposal from its Chairman and CEO Shudong Xia, which stated that Xia intends to acquire all of the outstanding shares of the company’s common stock not currently owned by him in a going private transaction at a proposed price of $5.65 per share in cash. According to the proposal letter, the acquisition is intended to be financed with a combination of debt financing and equity financing. Xia currently beneficially owns approximately 27.8% of the company’s common stock. The company’s Board of Directors intends to form a special committee of independent directors to consider this proposal and any additional proposal that may be made by Xia and his affiliates, if any. The shares closed at $5.13, down $0.02 or 0.39% on the day. They have traded in a 52-week range of $2.07 to $5.18.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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