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Bemis Company (BMS)
Bemis Company announced that the U.S. District Court
for the District of Columbia has signed an order, approving Bemis` acquisition
of the Food Americas operations of Alcan Packaging, a business unit of
international mining group Rio Tinto plc (LON: RIO; ASX: RIO), subject to
certain conditions.
The Food Americas operations recorded 2009 net sales of
approximately $1.4 billion and operate 23 plants in North America, South
America, and New Zealand. With this agreement, Bemis has satisfied the U.S.
regulatory approval requirements necessary to complete the acquisition. Bemis
expects the transaction to close as soon as possible.
The order signed by the court requires Bemis to divest certain Alcan Packaging
Food Americas packaging assets in the United States after closing. The packaging
assets that will be divested represent approximately $100 million in annual net
sales and include two facilities with production equipment used to produce
packaging for fresh meat and retail natural cheese products.
Feb 25 · 9:15:00 PM · Source: Reuters
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by Michael Oliveto
Allegheny Technologies (ATI)
Allegheny Technologies declared a regular quarterly dividend in the amount of $.18 per share payable March 26, 2010 to shareholders of record on March 11, 2010.
At today''s $43.12 stock price the dividend yield is 1.67%.
Feb 25 · 9:03:00 PM
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by Michael Oliveto
Airgas (ARG)
Airgas announced its supply agreement with Goodrich, the Charlotte, NC-based global supplier of systems and services to the aerospace, defense and homeland security industries has been extended for an additional two years.
Airgas will continue to be Goodrich`s preferred supplier of industrial gases, welding supplies and safety products, providing savings to those Goodrich facilities that use more than one product line. The agreement is part of the Airgas Strategic Accounts program, which provides supply chain management solutions to corporate customers with multiple manufacturing sites nationwide.
Feb 25 · 9:01:00 PM · Source: Reuters · Related: Goodrich
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by Michael Oliveto
Alcoa (AA)
Alcoa announced that it has been appointed by the U.S. Army Tank
Automotive Research, Development and Engineering Center (TARDEC) to collaborate
on the Army`s Fuel-Efficient Ground Vehicle Demonstrator (FED) project. In
partnership with Ricardo Inc., Alcoa Defense will produce a tactical wheeled
vehicle structure that significantly improves fuel efficiency while also
maintaining survivability, performance and payload capability.
TARDEC is embarking on the FED project to help achieve the Army`s long-term goal
of reducing fuel consumption on the battlefield, which will also reduce U.S.
dependence on foreign oil. The innovative solutions featured in the FED vehicle
may become widely adopted by industry to enhance fuel efficiency in the next
generation of tactical wheeled vehicles.
Feb 25 · 8:54:00 PM · Source: Reuters
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by Michael Oliveto
du Pont (DD)
The Massachusetts Institute of Technology (MIT) Technology Review magazine has named DuPont to the 2010 TR50, the inaugural list of the 50 most innovative companies in the world. DuPont was recognized for its efforts to develop and commercialize biobutanol with partner BP.
Each company on Technology Review’s top 50 list was evaluated based on its business model, strategies for deploying and scaling up technologies, and the likelihood of success. The scope of each company spanned energy, computing, the Web, biomedicine and materials.
Feb 25 · 3:47:00 PM · Source: Company Press Release
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by Michael Oliveto
Alcoa (AA)
Alcoa announced that it is among 60 corporations pilot testing a draft protocol for accounting and reporting greenhouse gas (GHG) emissions across a product’s life cycle. The Greenhouse Gas Protocol Initiative is being launched by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD).
WRI and WBCSD have developed two new GHG Protocol standards, the Product Life Cycle Accounting and Report Standard and the Scope 3 (Corporate Value Chain) Accounting and Reporting Standard. Alcoa will test the Product Standard by measuring the climate change impact of its aluminum forged wheels.
Feb 25 · 3:34:00 PM · Source: Company Press Release
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by Michael Oliveto
Alcoa (AA)
Fitch Ratings has affirmed the ratings for Alcoa Inc of Issuer Default Rating (IDR) at 'BBB-' and Short-term IDR at 'F3'.
The Rating Outlook remains Negative.
Feb 23 · 7:52:00 PM · Source: Reuters
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by Michael Oliveto
Senomyx (SNMX)
Senomyx announced the pricing of an underwritten public offering of 7,142,857 shares of its common stock at a price to the public of $2.80 per share. The gross proceeds from the sale of the shares, before underwriting discounts and commissions and other offering expenses, are expected to be approximately $20.0 million. The offering is expected to close on or about February 18, 2010, subject to customary closing conditions. Senomyx has also granted the underwriters a 30-day option to purchase up to an aggregate of 1,071,428 additional shares of common stock to cover over-allotments, if any. All of the shares in the offering are being sold by Senomyx.
Senomyx anticipates using the net proceeds from the offering to fund research and development efforts, and for general corporate purposes, including working capital.
Feb 15 · 7:51:00 PM · Source: The Medical News
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by Michael Oliveto
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