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Gerdau Ameristeel Corporation ( GNA ) |
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Industrial
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Written by Editor
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Wednesday, 02 June 2010 09:17 |
Gerdau S.A. Proposes to Acquire the Minority Shares in Gerdau Ameristeel Corporation
(Note: all dollar amounts in this press release are expressed in United States dollars)
Gerdau Ameristeel Corporation (NYSE: GNA, TSX: GNA) and Gerdau S.A. (Bovespa: GGBR, NYSE: GGB, Latibex: XGGB) announced today that Gerdau S.A. has delivered to the Board of Directors of Gerdau Ameristeel a proposal to acquire all of the shares of Gerdau Ameristeel Corporation that Gerdau S.A. does not already own for US$11.00 cash per share.
This proposal values Gerdau Ameristeel's minority held shares at approximately US$1.6 billion. Gerdau S.A. already owns 66.3% of the outstanding shares of Gerdau Ameristeel and intends to fund the acquisition and related expenses through its existing cash resources and committed financing.
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ICO Inc ( ICOC ) |
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Industrial
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Written by Editor
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Thursday, 03 December 2009 12:03 |
A. Schulman Signs Definitive Agreement to Acquire ICO, Inc.
-- Acquisition would enhance A. Schulman's position in global rotomolding and masterbatch markets
-- Combined stock and cash transaction valued at approximately $191.4 million
-- Transaction requires approval from ICO shareholders and customary regulatory approvals
A. Schulman, Inc. (Nasdaq-GS: SHLM) announced today that it has signed a definitive agreement to acquire all of the outstanding stock of ICO, Inc. (Nasdaq: ICOC), pending approval of the transaction by ICO shareholders and receipt of customary regulatory approvals.
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NOVA Chemicals Corporation ( NCX ) |
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Industrial
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Written by Editor
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Monday, 23 February 2009 11:15 |
IPIC and NOVA Chemicals Announce Friendly, Recommended All-Cash Acquisition of NOVA Chemicals
International Petroleum Investment Company ("IPIC") and NOVA Chemicals Corporation ("NOVA Chemicals") (NYSE:NCX)(TSX:NCX) announced today that they have entered into an agreement (the "Arrangement Agreement") providing for the acquisition by IPIC of all of NOVA Chemicals' outstanding common shares (the "Shares") for a cash consideration of US$6.00 per Share. The acquisition will be implemented by way of a court-approved plan of arrangement under the Canada Business Corporations Act (the "Arrangement").
The consideration per Share represents a 348% premium over the February 20, 2009 closing price of the Shares on the New York Stock Exchange ("NYSE") and a 204% premium over the combined and currency-adjusted 30-day volume-weighted average price of the Shares on the Toronto Stock Exchange ("TSX") and NYSE up to and including February 20, 2009. The total value of the Arrangement, including assumption of NOVA Chemicals' net debt obligations, is approximately US$2.3 billion.
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Terra Industries Inc ( TRA ) |
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Industrial
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Written by Editor
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Friday, 16 January 2009 11:03 |
Terra Industries Comments on CF Industries Unsolicited Proposal
Terra Industries Inc. (NYSE: TRA) today confirmed receipt of an unsolicited proposal from CF Industries Holdings, Inc. (NYSE: CF) to acquire Terra for a fixed exchange ratio of 0.4235 CF Industries shares for each Terra common share.
Terra’s Board of Directors, consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, will consider and evaluate the proposal and will pursue the course of action that is in the best interests of Terra and its shareholders. Terra shareholders are advised to take no action at this time pending the review by Terra’s Board of Directors.
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KMG Chemicals Inc ( KMGB ) |
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Industrial
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Written by Editor
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Tuesday, 09 December 2008 10:48 |
KMG Chemicals Reports First Quarter Results with 145% Increase in Revenues
KMG Chemicals, Inc. (NASDAQ: KMGB), a global provider of specialty chemicals in carefully focused markets, today announced financial results for the first quarter ended October 31, 2008 and the outlook for the remainder of the year.
Business Highlights
First quarter sales rose 145% to $52.2 million, primarily as a result of sales from our acquisition at December 31, 2007 of our Electronic Chemicals business from Air Products and Chemicals, Inc.
Operating income was $3.5 million, a 37% increase over the first quarter of the previous year.
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