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News Breaks | | | | December 21, 2012 | | 08:06 EDT |  | PCP, TIE | Precision Castparts completes tender offer for shares of Titanium Metals
Precision Castparts (PCP) announced the successful completion of the cash tender offer, through its wholly owned subsidiary, ELIT Acquisition Sub, for all of the outstanding shares of common stock of Titanium Metals Corporation (TIE) for $16.50 per Share. PCC also announced the commencement of a subsequent offering period to acquire all remaining untendered Shares. The subsequent offering period will expire on Friday, January 4, 2013, unless extended. PCC and Purchaser reserve the right to extend the subsequent offering period in accordance with applicable law and the terms of the definitive merger agreement, dated November 9, by and among PCC, Purchaser and Timet. Following completion of the subsequent offering period, PCC and Purchaser intend to increase PCC's ownership percentage of Timet to 100% by means of a merger under Delaware law. In the merger, each Share not previously purchased in the Offer will be converted, subject to appraisal rights, into the right to receive the same $16.50 per Share price, without interest and subject to applicable withholding taxes, that was paid in the Offer. Timet stockholders who do not tender their Shares in the Offer will not receive payment for their Shares until completion of the merger. | |
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News For PCP;TIE From The Last 14 Days Check below for free stories on PCP;TIE the last two weeks. |
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| May 16, 2013 | | 09:35 EDT |  | PCP | Precision Castparts initiated with a Buy at Topeka
Target $255. | | | May 10, 2013 | | 09:18 EDT |  | PCP | Precision Castparts price target raised to $247 from $217 at Sterne Agee
Sterne Agee increased its price target on Precision Castparts after the company reported higher than expected Q4 EPS but lower than expected revenue. The firm thinks the results were strong and keeps a Buy rating on the stock. | | | May 9, 2013 | | 06:07 EDT |  | PCP | Precision Castparts reports Q4 EPS $2.82, consensus $2.76
Reports Q4 revenue $2.44B, consensus $2.51B. | | | May 8, 2013 | | 15:29 EDT | | PCP | Notable companies reporting before tomorrow's open
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