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December 30, 2013
13:51 EDTKRO, NL, VHI, DD, HUNCompanies 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
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August 28, 2014
06:24 EDTDDDuPont to pay $1.28 to resolve toxic gas leak allegations
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August 26, 2014
09:25 EDTDDFarm Progress Companies to hold a show
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August 21, 2014
12:12 EDTDDDuPont files patent infringement lawsuit against SunEdison
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August 19, 2014
07:46 EDTHUNJacobs designs and builds iron sulfate plant for Huntsman pigments in Italy
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August 18, 2014
08:04 EDTHUNHuntsman weakness a buying opportunity, says UBS
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