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Allegheny Energy
08 октября 2015, 23:50

CONSOL Energy Realizes $101M from Sale of Coal Assets

CONSOL Energy Inc. (CNX) has realized proceeds of $101 million from two separate asset sale transactions.

17 сентября 2013, 01:59

Analysts say both sides win in Kennametal's purchase of ATI tungsten unit

Analysts see a win-win outcome in Kennametal's (KMT +0.8%) $605M purchase of Allegheny Technologies' (ATI +8.1%) tungsten materials business. By purchasing one of the biggest tungsten businesses in the world, KMT will be able to expand in the aerospace and energy sectors and reduce its raw material costs; tungsten, which is harder than steel and titanium, is very difficult to recycle but ATI has learned how to do it, KMT CEO Carlos Cardoso says. "These are very specialized businesses, and there aren't huge numbers of competitors," Bradford Research says. For ATI, the sale will allow it to focus more on high-performance metals and flat-rolled items; in the short term, the sale strengthens ATI's balance sheet, KeyBanc says. Post your comment!

Выбор редакции
16 сентября 2013, 17:07

UPDATE 2-Kennametal boosts tungsten supply with Allegheny Tech's unit buy

* Deal to reduce raw material costs, secure supply of tungsten - CFO    

Выбор редакции
14 марта 2013, 17:35

FirstEnergy (FE) says that in its offer for up to $1.08B in debt of subsidiaries FirstEnergy Solutions and Allegheny Energy Supply, $663.7M has been tendered so far. Some note holders have until March 27 to tender their paper. (PR)

FirstEnergy (FE) says that in its offer for up to $1.08B in debt of subsidiaries FirstEnergy Solutions and Allegheny Energy Supply, $663.7M has been tendered so far. Some note holders have until March 27 to tender their paper. (PR) Post your comment!