Appointments, Mergers, Dividends, Financial Results and Biddings - Research Report on Axiall, Sterlite, Compass Minerals, Stillwater, and Turquoise Hill
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NEW YORK, August 27, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Axiall Corporation (NYSE: AXLL), Sterlite Industries (India) Ltd. (NYSE: SLT), Compass Minerals International Inc. (NYSE: CMP), Stillwater Mining Co. (NYSE: SWC), and Turquoise Hill Resources Ltd. (NYSE: TRQ). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Axiall Corporation Research Report
On August 16, 2013, Axiall Corporation (Axiall) announced the appointment of George Biltz as the Chief Strategy Officer, with immediate effect. The appointment is part of the Company's ongoing effort to produce effective results for its growth priorities. In the new designation, Biltz will play a lead role in the identification, assessment, analysis and negotiations of strategic opportunities to support the Company's growth goals. Paul Carrico, President and CEO at Axiall, commented, "George brings broad and deep expertise in the chemicals industry, as well as a nice blend of strategic merger-and-acquisition and business leadership experience, to this important new role at Axiall." Carrico continued, "This is an important senior leadership role at Axiall, which is expected to drive consistent strategy and visioning, focus on key strategic initiatives and fuel business development and M&A activities. The depth and breadth of George's strategic and operational experiences, coupled with his leadership roles, make George ideally suited for this role." The Full Research Report on Axiall Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/6257_AXLL]
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Sterlite Industries (India) Ltd. Research Report
On August 17, 2013, Sterlite Industries (India) Ltd. (Sterlite) announced the merger of the Company and The Madras Aluminium Company Limited (MALCO) with Sesa Goa Ltd (Sesa Goa), followed by the transfer of MALCO power plant to Vedanta Aluminium Limited (VAL). According to Sterlite, the effective completion of the all-share merger agreement among the parties occurred in pursuant to the Scheme of amalgamation and arrangement amongst Sterlite, MALCO, Sterlite Energy Limited (SEL), VAL and Sesa Goa and their respective Shareholders and Creditors (Composite Scheme), and the Scheme of Amalgamation of Ekaterina Limited (Ekaterina) with Sesa Goa and their respective Shareholders and Creditors (Ekaterina Scheme). The record date to determine the list of shareholders of Sterlite, MALCO and Ekaterina to whom the equity shares of Sesa Goa will be allotted as per terms of the scheme is scheduled on August 28, 2013. The Full Research Report on Sterlite Industries (India) Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/4c5a_SLT]
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Compass Minerals International Inc. Research Report
On August 8, 2013, Compass Minerals International Inc. (Compass Minerals) reported that its board of directors has declared a cash dividend of $0.545 per share. According to the Company, shareholders of record at the close of business on August 30, 2013 are eligible to receive the dividends on September 13, 2013. The Full Research Report on Compass Minerals International Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/d5ca_CMP]
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Stillwater Mining Co. Research Report
On August 8, 2013, Stillwater Mining Co. (Stillwater) reported its Q2 2013 financial earnings. The Company's total revenues for Q2 2013 stood at $266.5 million, up 25.2% YoY. Stillwater reported a consolidated net loss attributable to common stockholders of $5.3 million, or $0.04 per diluted share, in Q2 2013, compared to net income attributable to common stockholders of $19.2 million, or $0.17 per diluted share, in Q2 2012. The net loss reported during the quarter was driven by expenses resulting from the accelerated vesting of equity-based compensation and from increased corporate activity during the recent proxy contest. During Q2 2013, the Company had incurred a non-cash equity based compensation expense of $9.1 million due to a change in control provisions during the quarter. The Full Research Report on Stillwater Mining Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/8d90_SWC]
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Turquoise Hill Resources Ltd. Research Report
On August 21, 2013, Turquoise Hill Resources Ltd. (Turquoise Hill) reported that it has agreed to a pre-bid acceptance deed with Shanxi Donghui Coal Coking & Chemicals Group Co., Ltd (Shanxi) regarding 108,502,084 ordinary shares, representing approximately 14.9% of the issued and outstanding ordinary shares (the Sale Shares) in Inova Resources Limited (IRL). The deed also takes into account Shanxi's notice about its plan of pursuing a takeover bid for all of the issued shares in IRL at AUD$0.22 cash per share. According to the Company, under the pre-bid acceptance deed, Turquoise Hill's subsidiary, IAL Holdings Singapore Pte Ltd (IAL) will accept the takeover offer in respect of the Sale Shares within 5 days after Shanxi announces fulfillment of all conditions. The deed also provides IAL the option of not accepting the takeover offer before 2 weeks after the date of the offer or if a superior proposal is publicly announced within 5 business days. The Full Research Report on Turquoise Hill Resources Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/4128_TRQ]
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