Quarterly Dividends, Long Term Supply Agreement, Completed Acquisitions, and Stock Price Movements - Analyst Notes on Air Products, Airgas, Chemtura, MTI and Balchem
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20 May, 2014, 07:30 ET
NEW YORK, May 20, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Air Products & Chemicals Inc. (NYSE: APD), Airgas Inc. (NYSE: ARG), Chemtura Corporation (NYSE: CHMT), Minerals Technologies Inc. (NYSE: MTX) and Balchem Corp. (NASDAQ: BCPC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2657-100free.
Air Products & Chemicals Inc. Analyst Notes
On May 15, 2014, Air Products & Chemicals Inc. reported that its board of directors has declared a quarterly dividend in the amount of $0.77 per share of common stock. The Company informed that the dividend is payable on August 11, 2014, to shareholders of record at the close of the business on July 1, 2014. The full analyst notes on Air Products are available to download free of charge at:
Airgas Inc. Analyst Notes
On May 15, 2014, Airgas Inc. (Airgas) announced that it has signed a long-term agreement for building an air separation unit (ASU) to supply tonnage oxygen and nitrogen via pipeline to Westlake Vinyls, Inc., at its expanded Calvert City, Kentucky manufacturing complex. "We're very excited about our new relationship with Westlake and look forward to serving their atmospheric gas needs in Calvert City with our new state-of-the-art production facility," said Airgas President and CEO, Michael L. Molinini. Airgas' new large-scale ASU is expected to be on-stream in the spring of 2016. The full analyst notes on Airgas are available to download free of charge at:
Chemtura Corporation Analyst Notes
On May 15, 2014, Chemtura Corp. (Chemtura) stock ended the day at $23.93 compared to the previous day's closing price of $24.73, representing a 3.23% decrease. The Company's stock went down 0.54% over the past five trading days, compared to the Dow Jones Industrial Average which declined 0.63% and to the Standard & Poor's 500, which also declined 0.25% during the same trading period. The full analyst notes on Chemtura are available to download free of charge at:
Minerals Technologies Inc. Analyst Notes
On May 13, 2014, Minerals Technologies, Inc. (MTI) announced that its Board of Directors has declared a quarterly dividend in the amount of $0.05 per share on the Company's common stock. MTI informed that the dividend is payable on June 11, 2014, to stockholders of record on May 28, 2014. The full analyst notes on MTI are available to download free of charge at:
Balchem Corp. Analyst Notes
On May 7, 2014, Balchem Corp. (Balchem) announced that it has completed the acquisition of Performance Chemicals & Ingredients Company (Sensor Effects), a supplier of customized food and beverage ingredient systems, headquartered in St. Louis, Missouri. The Company informed that it has acquired all of the outstanding capital stock of SensoryEffects for $567 million (before working capital and other adjustments). Dino A. Rossi, Chairman, President and CEO of Balchem stated, "We are pleased and excited to complete this acquisition. With similar cultures and a common vision, we look forward to working with an experienced partner like SensoryEffects, wherein we can accelerate the growth of our combined food and nutrition platforms with new and novel product offerings." The full analyst notes on Balchem are available to download free of charge at:
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