(CS) Company News for June 14, 2011 – Corporate Summary

•    Share prices of Transatlantic Holdings (NYSE:TRH) climbed 9.50% after the reinsurer announced it was merging with Switzerland based reinsurer World Assurance Company Holdings AG AWH in a deal worth $3.2 billion

•    On Monday, Wendy’s/Arby’s Group (NYSE:WEN) announced it was selling its Arby’s restaurant business to a buyer formed by Roark Capital. Atlanta-based Arby’s is the second largest quick service sandwich chain in the U.S.

•    Honeywell International Inc. (NYSE:HON) announced plans to buy maker of wireless-communications products EMS Technologies, Inc. (NASDAQ:ELMG) for $33 a share

•    Share prices of supplier of automated manufacturing systems Gerber Scientific, Inc. (NYSE:GRB) climbed 35.34% to close at $10.99 after it said private equity firm Vector Capital was acquiring it for $11 a share or for $281.8 million

•    Oil and natural-gas developer Harvest Natural Resources, Inc. (NYSE:HNR) reported that it has found oil off the coast of West Africa

•    U.S.-listed shares of Israeli computer-services Ness Technologies, Inc. (NASDAQ:NSTC) rose 13.70% after Citi Venture Capital International said it will buy the company for $307 million

•    Clothing-brand owner VF Corp. (NYSE:VFC) said it will buy clothing and footwear company Timberland Co. (NYSE:TBL) in a deal worth $2 billion, or $43 a share

•    Chinese wind-turbine technology developer China Ming Yang Wind Power Group Ltd. (NYSE:MY) was downgraded by Credit Suisse (NYSE:CS) from “Outperform” to “Neutral” rating

•    Shares of Fairchild Semiconductor International, Inc. (NYSE:FCS) were downgraded by Robert W. Baird to “Neutral” rating with a target price of $17

•    Analysts at Goldman Sachs  (NYSE:GS) downgraded shares of Pinnacle West Capital Corp (NYSE:PNW) from “Buy” rating to “Neutral” rating

CREDIT SUISSE (CS): Free Stock Analysis Report

EMS TECH INC (ELMG): Free Stock Analysis Report

FAIRCHILD SEMI (FCS): Free Stock Analysis Report

GERBER SCIENTIF (GRB): Free Stock Analysis Report

GOLDMAN SACHS (GS): Free Stock Analysis Report

HARVEST NATURAL (HNR): Free Stock Analysis Report

HONEYWELL INTL (HON): Free Stock Analysis Report

CHINA MING YANG (MY): Free Stock Analysis Report

NESS TECH INC (NSTC): Free Stock Analysis Report

PINNACLE WEST (PNW): Free Stock Analysis Report

TIMBERLAND CO A (TBL): Free Stock Analysis Report

TRANSATLAN HLDG (TRH): Free Stock Analysis Report

V F CORP (VFC): Free Stock Analysis Report

WENDYS/ARBYS GP (WEN): Free Stock Analysis Report

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