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Stock Market & Financial Investment News

News Breaks
August 7, 2012
09:43 EDTMEAMetalico exploring strategic alternatives for lead fabricating segment
The Company announced that it will explore strategic alternatives for its lead fabricating segment, including a possible sale, and intends to retain an investment bank to assist it in its evaluation. Carlos E. Agüero, Metalico’s President and CEO says the company continues a companywide review of operations, equipment and personnel. "Thus far we have implemented cost reduction actions totaling approximately $1.5M on an annualized basis and we are working to identify an additional $1M in cost cuts over the coming weeks."
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