World Fuel Services Corp stock hit a record high in trading yesterday, gaining 2.5%. Stock in the company is up 4.5% for the year-to-date.
The company announced in late Jan-2011 that it plans to buy French aviation fuel and de-icing fluid supplier Ascent Aviation. The transaction is expected to be USD0.03-0.05 accretive to per share earnings in the first 12 months.
Selected aviation suppliers daily share price movements (% change): 02-Feb-2011