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Stock Market & Financial Investment News

News Breaks
May 25, 2014
08:19 EDTBRSSGlobal Brass & Copper shares could rally, Barron's says
Global Brass & Copper shares could benefit from the improving housing market and shares could reach $25 in several years, Barron's contends in its "Sizing Up Small Caps" column. The stock currently trades at a discount and shouldn't have much downside at its current price, the paper adds. Reference Link
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April 6, 2015
16:47 EDTBRSSGBC Metals sells interest in Japanese JV to Dowa Metaltech
GBC Metals, d/b/a Olin Brass, announced the sale of its 50% share of the Dowa-Olin Metal Corporation to its joint venture partner, Dowa Metaltech Co of Japan. Terms of the sale were not announced. Dowa Metaltech will now own 100% of DOM. DOM is a marketing and sales company that was originally established by Olin Brass and Yamaha Corporation in 1987. Dowa Metaltech purchased Yamaha’s 50% share of DOM in 2007. DOM markets and sells both Olin Brass and Dowa Metaltech proprietary copper-based alloys to the electronics industry in Asia. The alloys are manufactured in Dowa Metaltech’s wholly-owned strip mill facilities in Japan. Under the terms of the sale, Olin Brass will license its alloy technologies to Dowa Metaltech so that the materials can continue to be manufactured and sold in Asia. In addition, the parties entered into a long-term supply agreement whereby Dowa Metaltech will sell these alloys back to Olin Brass to support its customer base in Asia.

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