Terex Corp. is more likely to be a buyer than an acquisition target because of the cash pile the crane and excavator maker has amassed, Gimme Credit LLC said.
Dynegy Inc., the third-largest independent U.S. power producer, and wireless operator Sprint Nextel Corp. are likely to underperform the high-yield bond market in the coming months, according to Gimme Credit.
Valeant Pharmaceuticals International Inc.’s deal-fueled quest to become a $150 billion company has some investors doubting the strategy as it loads up on debt.
J.C. Penney Co. may need to pay more than the 135 cents on the dollar it offered today to tender bonds that can restrict the retailer’s debt load, according to Gimme Credit LLC.
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