New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 20, 2012
08:19 EDTACWAccuride in pact with Cetus Capital, to shorten term of holder rights plan
Accuride Corporation announced that it has reached an agreement with Cetus Capital and certain of its affiliates that provides, among other things, for the appointment of a Cetus designee, expected to be Robert Davis, to the company’s board of directors in January 2013 and the nomination of Davis for election at the company’s 2013 annual meeting of stockholders. Cetus is Accuride’s largest shareholder and currently owns approximately 14.9% of Accuride’s shares. Under the terms of the agreement, Cetus agreed to vote in favor of the Accuride director nominees at the company’s 2013 annual meeting of stockholders and to abide by certain standstill provisions until shortly before the deadline for advance notice of director nominations under Accuride’s bylaws for the company’s 2014 annual meeting of stockholders. In addition, Accuride has agreed at Cetus’s request to shorten the expiration date of its shareholder rights plan such that it will expire no later than April 30, 2014, and Cetus has agreed to vote in favor of the reduced duration rights plan at the 2013 annual meeting. Accuride’s Board has also granted a limited waiver under Section 203 of the Delaware General Corporation Law that will permit Cetus to increase its ownership to up to an aggregate of 19.99% of the company’s shares.
News For ACW From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 9, 2016
17:55 EDTACWAccuride sees 2016 top line growth impacted by decline in Class 8 production
Subscribe for More Information
17:52 EDTACWAccuride backs FY15 revenue view $675M-$700M, consensus $688.79M
Subscribe for More Information
17:51 EDTACWAccuride sees FY16 revenue $650M-$700M, consensus $667.88M
Accuride expects 2016 net sales to be in the range of $650M to $700M, with Adjusted EBITDA in the range $65M million to $80M. The Company is basing these expectations for its 2016 guidance on the following projections for North American commercial vehicle production and other key assumptions for the year:

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use