Mohawk Acquires Pergo and 4 Stocks Hitting 52-Week Highs
Main Street Capital Corporation (NYSE:MAIN): Closing price $31.45
Main Street has recently closed two transactions, including a new portfolio investment and the partial exit of an existing portfolio investment. The new portfolio investment includes $40.5 million of invested capital in Quality Lease and Rental Holdings, which is the parent company of Quality Lease Service, and Quality Lease Rental Service. The company’s investment consists of $38 million in senior, secured term debt in Quality and a $2.5 million direct equity investment in Quality’s parent holding company. Shares closed up 1.26 percent on the day at $31.45, having been traded in a 52-week range of $21.15 to $31.47.
Moody’s Corp. (NYSE:MCO): Closing price $53.08
ValueAct decreases its in Moody’s to 4.7 percent. Shares closed down 0.36 percent on the day at $53.08, having been traded in a 52-week range of $33.86 to $53.29.
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Mohawk Industries (NYSE:MHK): $94.43
Mohawk said that it has completed its purchase of Pergo, which makes premium laminate flooring. The aggregate value of the acquisition was $150 million in cash. In 2011, Pergo’s sales were around $320 million in the United States and in Europe. Shares closed down 0.11 percent on the day at $94.43, and have traded in a 52-week range of $59.69 to $94.78.
NetSuite (NYSE:N): Closing price $69.88
NetSuite purchases Retail Anywhere, which is a top provider of multi-channel retail management solutions that are designed to enhance the retail customer experience. The deal builds on NetSuite’s SuiteCommerce platform. Shares closed down 0.67 percent on the day at $69.88, and have been traded in a 52-week range of $38.30 to $70.58.
Plum Creek Timber Co. (NYSE:PCL): Closing price $46.60
Plum Creek reported the tax treatment for dividend distributions that were made in 2012 on its Common Stock. For shareholders, the total dividend distribution of $1.68 per share is classified for income tax purposes as Capital Gain Distribution, taxed at a maximum rate of 15 percent. Shares close up 0.71 percent on the day at $46.60, and have traded in a 52-week range of $35.43 to $46.27.