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Stock Market & Financial Investment News

News Breaks
January 23, 2013
17:08 EDTNRP, APCNatural 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
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August 19, 2014
08:02 EDTNRPNatural Resource Partners to acquire VantaCore Partners for $205M
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August 14, 2014
17:00 EDTAPCGreenlight Capital gives quarterly update on stakes
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August 11, 2014
06:01 EDTAPCStocks with implied volatility movement; S APC
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August 8, 2014
10:21 EDTAPCAnadarko calls active on renewed takeover chatter
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10:18 EDTAPCRumor: Anadarko moves up on renewed takeover chatter
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August 6, 2014
17:50 EDTNRPNatural Resource Partners reports Q2 adjusted EPS 33c, consensus 28c
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