New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 30, 2013
13:51 EDTVHI, HUN, NL, DD, KROCompanies advance after controversial chairman dies
Shares of Kronos (KRO), NL Industries (NL), and Valhi (VHI) are rising after Harold Simmons, who was chairman of the board at all three companies, passed away on Saturday night. WHAT'S NEW: A billionaire Dallas billionaire and philanthropist, Simmons was a controversial figure. He called President Obama "the most dangerous American alive" because, according to Simmons, the president "would eliminate free enterprise in this country." Simmons also donated tens of millions of dollars to Republican candidates and conservative causes and a number of his companies have been criticized and sued for allegedly polluting the environment. ANALYST OPINION: In a note to investors, research firm Oppenheimer said that Simmons' death will raise questions about succession, strategy and ownership issues at Kronos. About 81% of Kronos common stock was owned by Simmons, related persons and entities, with about 80% of that held by Valhi and NL Industries, according to Oppenheimer. Kronos was viewed as a consolidator in the reshuffling titanium dioxide industry, but may now be viewed as a seller at some point, Oppenheimer added. OTHERS TO WATCH: DuPont (DD) and Huntsman (HUN) have announced plans to spin-off their titanium dioxide businesses. PRICE ACTION: In mid-afternoon trading, Kronos gained 9.5% to $18.85, NL Industries rose 9.3% to $11.04, and Valhi added 1% to $15.07.
News For KRO;NL;VHI;DD;HUN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 19, 2015
10:55 EDTHUNStocks with call strike movement; HUN NFLX
Subscribe for More Information
08:25 EDTVHIValhi Inc to sell Waste Control Specialists to EnergySolutions
EnergySolutions announced it has signed a definitive agreement to acquire Waste Control Specialists, or WCS, a wholly owned subsidiary of Valhi and operator of a waste disposal facility located in Andrews County, Texas. At closing, EnergySolutions will pay $270M in cash, $20M face amount in Series A Preferred Stock and will assume approximately $77M of WCS debt. Additionally, EnergySolutions will assume all financial assurance obligations related to the WCS business. Completion of the sale is subject to certain customary closing conditions outlined in the transaction agreement. EnergySolutions and WCS will continue to operate as independent companies until completion of the sale.
07:51 EDTVHIValhi Inc to sell Waste control Specialists for $270M in cash
Subscribe for More Information
November 18, 2015
06:01 EDTDDMonsanto studying possibility for consolidation in agrochem sector, Reuters says
Subscribe for More Information
November 17, 2015
08:29 EDTDDDuPont price target raised to $76 from $63 at Citi
Subscribe for More Information

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