New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 23, 2013
17:08 EDTAPC, NRPNatural Resource Partners acquires interest in OCI Wyoming
Natural Resource Partners (NRP) reported that it has acquired a 48.51% general partner interest in OCI Wyoming L.P. and 20% of the common shares and all of the preferred shares of OCI Wyoming Co. from subsidiaries of Anadarko Petroleum Corporation (APC). OCI Wyoming is the world's fifth-largest producer of soda ash. It operates a trona ore mining operation and a soda ash refinery in Green River, Wyoming. NRP paid a net $292.5M for the interests, after normal closing adjustments to the purchase price of $310M. The agreement also contains an earn-out provision, which would require NRP to pay Anadarko up to $50M, on a net present value basis, over a three-year period if OCI Wyoming L.P. achieves specified revenue targets during that period. NRP expects the transaction to be accretive to cash flow in 2013 in a range of 18c to 22c per unit.
News For NRP;APC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 13, 2014
15:19 EDTAPCOne Halliburton employee dead, two hurt after accident, Denver Post reports
Subscribe for More Information
November 12, 2014
07:31 EDTAPCBofA/Merrill to hold a conference
Subscribe for More Information
November 10, 2014
15:43 EDTAPCAmerican Petroleum Institute to hold a conference
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 theflyonthewall.com disclaimer & terms of use