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Saturday 27 June 2015
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Pre-Market News Analysis on: Sprouts Farmers Market (NASDAQ:SFM), Huntsman (NYSE:HUN), U.S. Silica Holdings (NYSE:SLCA), The Babcock & Wilcox Company (NYSE:BWC)

On Friday, Sprouts Farmers Market Inc (NASDAQ:SFM)’s shares declined -0.39% to $27.90.

Sprouts Farmers Market Inc (SFM) is targeting Lee’s Summit for its next metro location.

The grocery store chain, which specializes in organic and natural foods, filed a building permit application Wednesday with the city.

Sprouts plans to open inside the former OfficeMax space at 800 N.E. Missouri 291 Highway, said Mike Weisenborn, project manager with the city.

Weisenborn said he anticipates the building permit will receive approval and should be finalized in two to four weeks.

Bruns said the health foods concept is a growing trend, and that Lee’s Summit residents had been voicing their desire for a health foods store.

Sprouts Farmers Market, Inc. operates as a specialty retailer of fresh, natural, and organic food in the United States. The company’s stores offer fresh produce, bulk foods, vitamins and supplements, grocery products, meat and seafood products, deli and bakery products, dairy and dairy alternatives, frozen foods, beer and wine, natural health and body care products, and natural household products.

Huntsman Corporation (NYSE:HUN)’s shares dropped -0.91% to $22.77.

Huntsman Corporation (HUN) declared that Monte Edlund will succeed Stu Monteith as president of Huntsman’s Performance Products division (HPP), effective July 1.

Most recently vice president for the Americas region in Huntsman’s Advanced Materials division, Edlund joined Huntsman with the acquisition of the Rexene Corporation and has been a senior leader with the company since 1997, when he was designated vice president-polymers. Prior to his role in Advanced Materials, Edlund served as vice president of global specialty textiles for Huntsman’s Textile Effects division based in Singapore.

After more than 35 years’ experience in the chemical industry, 21 of them with Huntsman, Monteith elected to retire as of August 31. He joined Huntsman in 1994 and served as the division’s vice president for global markets and business development before being named Performance Products division president in 2011.

Huntsman Corporation, together with its auxiliaries, manufactures and sells differentiated organic and inorganic chemical products worldwide. The company operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives. The Polyurethanes segment offers polyurethane chemicals, counting methyl diphenyl diisocyanate, propylene oxide, polyols, propylene glycol, thermoplastic polyurethane, aniline, and methyl tertiary-butyl ether products, which are used to produce rigid and flexible foams, in addition to coatings, adhesives, sealants, and elastomers.

At the end of Friday’s trade, U.S. Silica Holdings Inc (NYSE:SLCA)‘s shares surged 0.20% to $30.05.

U.S. Silica Holdings Inc (SLCA) released its 2014 Sustainability Report, Intersections, detailing the accomplishments over the past year that contributed to the Company’s success in reaching key targets in safety, environmental protection and community support.

The fifth annual Sustainability Report details how the Company’s sustainability efforts intersect with every facet of its business, counting U.S. Silica’s commitment to community investment, employee safety and environmental stewardship. U.S. Silica reached noteworthy milestones in 2014, cementing its status as an industry leader while paving the way for continued innovation and success.

U.S. Silica Holdings, Inc. produces and sells commercial silica in the United States. It operates through two segments, Oil & Gas Proppants, and Industrial & Specialty Products. The company offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery, in addition to sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.

The Babcock & Wilcox Company (NYSE:BWC), ended its Friday’s trading session with 2.54% gain, and closed at $32.66.

The Babcock & Wilcox Company (BWC) declared that its Board of Directors has formally approved the spin-off of the Power Generation business creating a new public company.

The Power Generation business will be named Babcock & Wilcox Enterprises, Inc. (“New B&W”), and operate as Babcock & Wilcox. It will be headquartered in Charlotte, N.C.

The remaining company will change its name to BWX Technologies, Inc. (“BWXT”) on the date of the spin-off and will be headquartered in Lynchburg, Va. In approving this transaction, the Board of Directors believes these two companies will benefit from independent administration teams, planned autonomy, and financial flexibility to create noteworthy long-term shareholder value.

The Babcock & Wilcox Company operates as a specialty constructor of nuclear components for customers in the power and other steam-using industries. The company operates through five segments: Power Generation, Nuclear Operations, Technical Services, Nuclear Energy, and mPower. The Power Generation segment provides fossil and renewable power generation equipment for capital projects with boiler products and environmental systems.

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