Consumer Cyclical Sector Review: Fuel Systems Buys CUBOGAS Assets, K-Swiss
Fuel Systems Solutions (NASDAQ:FSYS) has purchased from the Wayne business of Dresser Italia S.r.l., the assets of its CUBOGAS compressor division, specializing in natural gas compressors and packaging solutions in an all-cash asset acquisition that closed on February 10, 2012.
The shares closed at $27.71, up $0.69, or 2.55%, on the day. Its market capitalization is $554.58 million.
K-Swiss Inc. (NASDAQ:KSWS): Consolidated gross margin is expected to be approximately 40% to 41%. Selling, general and administrative expenses are expected to be about $110 to $112 million.
The shares closed at $3.35, down $0.4, or 10.67%, on the day. Its market capitalization is $119.25 million.
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