12:20 PM New York – Google trades ex-split. Greenbrier net soared 13%. Meltwater bids for Sweden-based rival Cision for $138 million in cash. RPM Int net swung to profit. Schnitzer Steel profit tumbled 79%.Texas Ind loss widened.
) increased 2.6% or $15.10 to $582.40 after the largest search company split its non-voting stock in two classes. The stock will trade under two symbols.
The non-voting Class C shares trading under ''GOOG'' climbed 2.6% to $582.40 and the Class A shares trading under the new ticker ''GOOGL'' jumped 2.4% to $581.72.
The founders control 56% of the vote through the non-traded B shares and carry 10 votes for each share according to the company’s March 28 proxy filing.
Executive Chairman Eric Schmidt owns 8.2% of the B shares while Sergey Brin and Larry Page together hold 84%.
The Greenbrier Companies, Inc
) declined 3% or $1.45 to $46.26 after the railroad freight car equipment maker said revenue in the second-quarter climbed 18.7% to $502.2 million.
Net income in the quarter soared 13% to $15.6 million or 50 cents a diluted share compared to $13.8 million or 45 cents.
, the U.S.-based PR software and services provider offer to the Sweden-based rival Cision for about 895 million kronor or $138 million in cash.
The company reported revenues in the fiscal 2013 of about $130 million.
RPM International Inc
) soared 4.9% or $2.07 to $44.22 after the paint and coatings maker reported net sales in the third-quarter ending in February rose 2.3% to $863.4 million.
Net in the quarter swung to a profit $16.2 million or 12 cents a diluted share compared to a loss of $42.4 million or 33 cents.
Schnitzer Steel Industries, Inc
) jumped 2.6% or 73 cents to $28.80 after the scrap metal recycler stated revenues in the second-quarter increased 6.5% to $626.1 million.
Net income in the quarter tumbled 79% to $1.8 million or 7 cents a diluted share compared to $8.6 million or 32 cents.
Texas Industries, Inc
) fell 36 cents to $88.35 after the construction materials supplier said net sales in the third-quarter ending in February plunged 46.9% to $207.8 million.
Net loss in the quarter widened to $21.8 million or 76 cents a diluted share compared to $5.8 million or 21 cents.