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	<title>Stock Blog Hub &#187; Trinity Industries Inc</title>
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		<title>(TRN) Trinity Industries Acquires Quixote Corporation</title>
		<link>http://www.stockbloghub.com/2010/01/05/trn-trinity-industries-acquires-quixote-corporation/24116</link>
		<comments>http://www.stockbloghub.com/2010/01/05/trn-trinity-industries-acquires-quixote-corporation/24116#comments</comments>
		<pubDate>Tue, 05 Jan 2010 19:01:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Railroads]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[QUIX]]></category>
		<category><![CDATA[Quixote Corporation]]></category>
		<category><![CDATA[Trinity Industries Inc]]></category>
		<category><![CDATA[TRN]]></category>

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		<description><![CDATA[Trinity Industries Inc. (TRN) announced that it has signed a definitive agreement to acquire Quixote Corp. (QUIX) for a consideration of $61 million. Trinity will offer $6.38 per share for the acquisition, which will be completed through a tender offer for Quixote’s common shares. Shares of Quixote, which develops and manufactures highway products designed to protect and direct motorists, surged nearly 116% after the news to close at $6.37 on Thursday, Dec 31, 2009 on the Nasdaq, while shares of Trinity fell 1.5% to close at $17.44 on the same day on the New York Stock Exchange. Trinity’s offer of $6.38 per share calculates to a premium of 116% to Quixote’s closing price of $2.95 on Wednesday, Dec 30, 2009. Trinity said that it intends to finance the deal through ]]></description>
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