USG Rejects Knauf Overtures

USG Corp of Chicago, IL has announced that its board of directors has unanimously rejected an unsolicited and non-binding proposal from Gebr. Knauf KG to acquire all of the shares of USG for US$42/share in cash. The board said that the offer substantially undervalues the company and is not in the best interests of USG’s...

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Perlite Canada Reports Mixed Sales

Perlite Canada Inc of Montreal, QC has recorded net earnings of CDN$184,475 on revenues of CDN$2.3 million for the three months ended January 31, 2018 compared with a net earnings of CDN$293,243 on sales of CDN$2.2 million in the corresponding period of 2016/17. The amount of perlite sold during the latest quarter increased by approximately...

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Mosaic Enters 2018 with Positive Momentum

The Mosaic Co of Plymouth, MN has reported a 2017 fourth quarter net loss of US$413 million on net sales of US$2.1 billion compared with a net income of US$12 million on sales of US$1.9 billion in the same quarter of 2016. For the full year, the company incurred a net loss of US$107.2 million...

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Intrepid Potash Sees Solid 2018 Fundamentals

Intrepid Potash Inc of Denver, CO has reported a 2017 net loss of US$43.7 million versus a net loss of US$66.6 million in 2016. The company’s sales decreased from US$210.9 million in 2016 to US$157,607 million in 2017. The company’s potash net sales decreased from US$159.5 million to US$95.54 million while sales of Trio langbeinite...

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SQM Maintains Lithium Volume as Prices Rise

Sociedad Quimica y Minera de Chile SA (SQM) of Santiago, Chile has reported a net income of US$427.7 million on revenues of US$2.16 billion for 2017 compared with income of US$278.3 million on revenues of US$1.94 billion in 2016. The growth was led by the company’s Lithium and Lithium Derivatives segment with an increase in...

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