Latest Lundin Mining Corp (LUNCF) Headlines S
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Posted On: 03/10/2014 11:52:26 AM
Latest Lundin Mining Corp (LUNCF) Headlines
Sky Harvest Comments on Recent Stock Volume Increase
PR Newswire - Tue Jan 21, 1:25PM CST
Symbol: SKYH:OTC Markets
OM Group, Inc. Completes Divestiture Of Its Cobalt Business For $325 Million In Cash
PR Newswire - Fri Mar 29, 1:00PM CDT
OM Group, Inc. (NYSE: OMG) today announced that it has completed the previously-announced divestiture of its Advanced Materials business, including the sale of its downstream business, to a joint venture held by Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Lundin Mining Corporation (TSX: LUN) and La Generale des Carrieres et des Mines (Gecamines). OM Group received cash consideration of $325 million, plus approximately $30 million for cash retained in the business, upon the closing of the transaction. OM Group expects to use these proceeds, along with cash on-hand, to repay a substantial portion of its debt. The sale agreements also provide for potential future cash consideration of up to an additional $110 million based on the business achieving certain revenue targets over a period of three years.
Sky Harvest Comments on Recent Stock Volume Increase
PR Newswire - Tue Jan 21, 1:25PM CST
Symbol: SKYH:OTC Markets
OM Group, Inc. Completes Divestiture Of Its Cobalt Business For $325 Million In Cash
PR Newswire - Fri Mar 29, 1:00PM CDT
OM Group, Inc. (NYSE: OMG) today announced that it has completed the previously-announced divestiture of its Advanced Materials business, including the sale of its downstream business, to a joint venture held by Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Lundin Mining Corporation (TSX: LUN) and La Generale des Carrieres et des Mines (Gecamines). OM Group received cash consideration of $325 million, plus approximately $30 million for cash retained in the business, upon the closing of the transaction. OM Group expects to use these proceeds, along with cash on-hand, to repay a substantial portion of its debt. The sale agreements also provide for potential future cash consideration of up to an additional $110 million based on the business achieving certain revenue targets over a period of three years.
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