On Friday, CF Industries Holdings, Inc. (NYSE:CF)’s shares inclined 1.50% to $61.71.
CF Industries Holdings, Inc. (CF) declared that it has agreed with Yara International ASA (Yara) to acquire its 50 percent equity interest in GrowHow UK Limited (GrowHow) for total cash consideration of $580 million, making GrowHow a wholly owned partner. At closing, the GrowHow business will be merged into CF Industries with a cash free, debt free balance sheet. GrowHow owns and operates nitrogen production facilities in Ince and Billingham, U.K.
The Ince facility is located in northwestern England and comprises of an ammonia plant, three nitric acid plants, an ammonium nitrate (AN) plant and three NPK fertilizer compound plants. The Billingham facility is located in the Teesside chemical area in northeastern England, and comprises of an ammonia plant, three nitric acid plants, a carbon dioxide plant and an AN fertilizer plant. Combined, the two facilities have the capacity to produce about 0.9 million short tons of gross ammonia, 1.2 million short tons of AN and 0.4 million short tons of NPK compounds.
CF Industries Holdings, Inc. manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company’s principal nitrogen fertilizer products comprise ammonia, granular urea, and urea ammonium nitrate solution. Its other nitrogen products comprise ammonium nitrate, diesel exhaust fluid, urea liquor, and aqua ammonia. The company offers its products primarily to cooperatives, independent fertilizer distributors, and industrial users. CF Industries Holdings, Inc. was founded in 1946 and is based in Deerfield, Illinois.
Allegheny Technologies Incorporated(NYSE:ATI)’s shares gained 0.25% to $28.12.
Allegheny Technologies Incorporated (ATI) declared that it is expanding its nickel-based superalloy powder capabilities to satisfy strong demand from the aerospace jet engine market and growing demand from the additive manufacturing industry, particularly for 3D printed parts used in the aerospace, medical, electrical energy, and oil and gas markets. The self-funded expansion, which is projected to cost about $70 million and take two years to complete, will be located at the ATI Specialty Materials business unit’s operations near Monroe, NC.
Allegheny Technologies Incorporated produces and sells specialty materials and components worldwide. The company operates through two segments, High Performance Materials and Components; and Flat-Rolled Products. The High Performance Materials and Components segment provides various high performance materials, counting titanium and titanium-based alloys; nickel-and cobalt-based alloys and superalloys; zirconium and related alloys, such as hafnium and niobium, advanced powder alloys, and other specialty materials, in long product forms of ingots, billets, bars, rods, wires, shapes and rectangles, and seamless tubes, plus precision forgings, castings, components, and machined parts.
At the end of Friday’s trade, RR Donnelley & Sons Co(NASDAQ:RRD)‘s shares surged 2.45% to $17.15.
RR Donnelley & Sons Co (RRD) declared the completion of the acquisition of Courier Corporation for about $261 million.
Per a merger agreement signed in February this year, Donnelley was to pay the acquisition consideration in a combination of 49% cash and 51% stock to Courier shareholders. The shareholders were given option of either receiving $23 per share in cash or 1.3756 Donnelley share for each they own.
Courier Corporation specializes mainly in offering digital printing, publishing and content administration in educational, religious and trade books across the United States. The acquisition is anticipated to enhance R.R. Donnelley’s content administration, digital print and distribution capabilities.
Acquisitions have played a key role in Donnelley’s growth over the last few years. It has attained 16 companies during 2010-2014 for about $1.16 billion. These acquisitions have not only expanded its product portfolio but its customer base as well.
R.R. Donnelley & Sons Company provides integrated communications solutions to private and public sector clients in the United States and internationally. The company operates through Publishing and Retail Services, Variable Print, Planned Services, and International segments. Its product and service offerings comprise magazines, catalogs, retail inserts, books, directories, and packaging products; commercial and digital print, direct mail, office products, labels, statement printing, and forms; and logistics services, financial print products and related services, print administration products, and digital and creative solutions.
SeaWorld Entertainment Inc(NYSE:SEAS), ended its Friday’s trading session with 1.53% gain, and closed at $18.54.
SeaWorld Entertainment, Inc. (SEAS) declared that it will release its second quarter 2015 financial results before the market opens on Thursday, August 6, 2015. In conjunction with the release, the Company has planned a conference call, which will be broadcast live over the internet, on Thursday, August 6, 2015 at 9 a.m. Eastern Time. The release and the conference call can be accessed via the Company’s website at www.seaworldentertainment.com by clicking on the Investor Relations link located on the upper right-hand corner of that page.
SeaWorld Entertainment, Inc. operates as a theme park and entertainment company in the United States. The company operates marine-life theme park under the SeaWorld brand name in Orlando, San Antonio, and San Diego; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; Discovery Cove marine-life theme park in Langhorne; and Sesame Place, a seasonal park in Langhorne.
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