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Appointments, Mergers, Dividends, Financial Results and Biddings - Research Report on Axiall, Sterlite, Compass Minerals, Stillwater, and Turquoise Hill

Editor Note: For more information about this release, please scroll to bottom


News provided by

Analysts' Corner

Aug 27, 2013, 08:00 ET

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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]

--

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]

--

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]

--

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]

--

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]

----

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

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