TNS, TNS, Inc. ** TNS reported that it has entered into a definitive merger agreement to be acquired by an investor group led by Siris Capital Group in a transaction valued at approximately $862 million.Siris will acquire all of the outstanding common shares of TNS for $21.00 per share in cash, representing a premium of…

MMSI, Merit Medical Systems, Inc. ** MMSI reported that it has received 510(k) clearance from the FDA for the ONE Snare(TM) Endovascular Snare System.The ONE Snare(TM) Endovascular Snare System is a single-loop snare designed to provide both accuracy and reliability for effective foreign body manipulation and retrieval.MMSI expects to launch the ONE Snare(TM) in January…

TSYS, TeleCommunication Systems, Inc. ** TSYS reported that it has received funding of $2.8 million from the U.S. Army for X- and Ku-Band MICRO VSAT satellite communications equipment.The U.S. Army Project Manager for the Warfighter Information Network - Tactical (PM WIN-T) Commercial Satellite Terminal Program is funding this procurement through the Army's $5 billion World-Wide…

ATK, Alliant Techsystems Inc. ** ATK reported that it received a five-year, Indefinite Delivery, Indefinite Quantity (IDIQ) contract from the U.S. Army Contracting Command for the production of the MK 437 Multi-Option Fuze, Navy (MOFN).The contract has a maximum total value of $84.1 million. ATK has received the first order on this contract, for approximately…

CAT, Caterpillar Inc. ** CAT and Ariel Corporation reported the formation of a 50-50 joint venture that will provide well service pressure pumping products for customers in the global oil and gas industry.The combined venture, Black Horse LLC, also announced the acquisition of pump manufacturer ProSource of Houston, Texas.The acquisition of ProSource, which designs and…

ACLS, Axcelis Technologies, Inc. ** ACLS and Lam Research Corp. reported a strategic collaboration agreement focusing on the interrelationship between ion implantation, etch processes, and photoresist strip applications, including material modification implants and high-dose implant strip (HDIS).Separately, ACLS decided that it will exit the dry-strip business and divest its dry-strip intellectual property and technology, including…

CBK, Christopher & Banks Corporation ** For the third quarter of fiscal 2012, CBK posted net sales of $117.3 million, as compared to $114.6 million in the same period the prior year, and net income totaled $3.6 million, or $0.10 per diluted share, compared to net loss of $13.7 million, or $0.39 per share during…

NKE, Nike Inc. ** NKE was upgraded from Neutral to Overweight by Brokerage Firm HSBC SecuritiesNKE , together with its subsidiaries, engages in the design, development, marketing, and sale of footwear, apparel, equipment, and accessories for men, women, and children worldwide.More about NKE at www.nikeinc.com *************************** Read Full Disclaimer at http://bestotc.com/disclaimer http://bestotc.com/20587/stock-alerts/nike-nke-upgraded-by-hsbc-securities/

RTN, Raytheon Company ** RTN reported that it was awarded a $422 million contract for its combat-proven Paveway(TM) II family of precision-guided munitions. The company was awarded the direct commercial sale from an international customer.Paveway(TM) is a RTN -designed kit that transforms "dumb" bombs into precision-guided munitions.Newer versions of Paveway(TM) include Global Positioning System/Inertial Navigation…

PMFG, PMFG, Inc. ** PMFG reported that it was awarded two orders for separation equipment totaling $1.9 million.The first sales order is for steam separators to be installed at a nuclear power project in China. This represents the first such order since the Chinese government placed their nuclear expansion program on hold following the tsunami…