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Stock Market & Financial Investment News

News Breaks
July 9, 2014
17:03 EDTAXLLAxiall Louisiana PHH facility back at full rates
Axiall announced that its PHH vinyl chloride monomer manufacturing facility in Lake Charles, Louisiana, has been repaired and the facility has returned to full operating rates. On its Q1 earnings call in May, the company noted that the PHH facility had returned to service at reduced operating rates and described its expectation that the PHH facility would reach full operating rates during Q2.
News For AXLL From The Last 14 Days
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May 26, 2015
17:27 EDTAXLLFranklin Resources reports 6.0% stake in Axiall
The Investment Management Subsidiaries believe that Axiall is significantly undervalued and its Board of Directors should be more aggressive in taking actions to increase stockholder value. Despite the company’s “strategic” rationale behind the acquisition of PPG’s Chlor- Alkali business in January 2013, the company’s share price has since meaningfully underperformed its peers. Management has announced that they are examining strategic alternatives for the Aromatics business, but this business is a very minor part of the overall company. In the Investment Management Subsidiaries’ opinion, the Board of Directors should undertake a more substantial strategic review encompassing the potential sale of all or parts of the company, its capital allocation plans, cost structure, and the possible replacement of senior management.
May 19, 2015
07:15 EDTAXLLGoldman Sachs to hold a conference
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