Reliance Steel Buys Infra-Metals
Reliance Steel & Aluminum Company completed an agreement to acquire the outstanding stock of PNA Group Holding Corporation. The PNA Group includes Infra-Metals.
Infra-Metals has announced plans to build a multi-million dollar facility in New Boston.
Infra-Metals has six facilities across the country. In late 2007 the Infra-Metals board of directors approved the New Boston site as its seventh location. Read more
Reliance Steel’s ratings put on review for possible downgrade - Moody’s
Moody’s Investors Service said it placed the ‘Baa3′ senior unsecured ratings of Reliance Steel & Aluminum Co. under review for a possible downgrade, following the company’s agreement to acquire PNA Group
Holding Corp., a steel service center company, from private firm Platinum Equity
in a deal worth roughly $1.1 billion.
The deal is expected be financed through borrowings under Reliance’s $1.1 billion revolving credit facility and a $750 million issuance in a combination of debt and equity.
Moody’s said it expects that the transaction, if it is successfully closed, will increase Reliance’s leverage and tighten coverage ratios
Source: hemscott.com
Reliance Steel & Aluminum VP exercises options
The vice president and corporate controller of metals processor Reliance Steel & Aluminum Co. exercised options for 2,500 shares of common stock, according to a filing with the Securities and Exchange Commission Friday.
In a Form 4 filed with the SEC, Brenda Sumiye Miyamoto reported exercising the options on Friday for $24.58 apiece, then selling all 2,500 shares on the same day for $68.61 to $68.66 apiece.
Insiders file Form 4s with the SEC to report transactions in their companies’ shares. Open market purchases and sales must be reported within two business days of the transaction.
Is the down movement for Reliance Steel & Aluminum Co.
Is the down movement for Reliance Steel & Aluminum Co. (down 0.31 …
By info@askStockGuru.com (AskStockGuru.com)
Down -0.31% today. The stock has retraced 5.4% from its recent high price of 64.27 which occurred on 16-Apr-2008. The current price is below the 20 day moving average of 61.92. The stock could possibly find support at the 50 day moving …
We rank RELIANCE STL & AL (up 3.01 percent, RS) 9 out of 10 on …
We rank RELIANCE STL & AL (up 3.01 percent, RS) 9 out of 10 on …
By info@askStockGuru.com (Ask Stock Guru)
Compared to other stocks in the market, the performance of RELIANCE STL & AL (up 3.01 percent, RS) has been above average. RS has outperformed 80% of all the stocks we track.
RS: Reliance Steel, Reliable Cash Flows
RS: Reliance Steel, Reliable Cash Flows
By William Trent
Over the last 12 months, free cash flow (cash flow from operations less capital expenditures) has come in at $540 million, or 12.2% of Reliance’s current market capitalization. In 2007, it used $270 million to grow via acquisition and …
Reliance Steel & Aluminum Co. Declares 2008 Second Quarter …
Reliance Steel & Aluminum Co. Declares 2008 Second Quarter …
LOS ANGELES–(BUSINESS WIRE)–Reliance Steel & Aluminum Co. (NYSE:RS) announced today that on April 16, 2008, its Board of Directors declared a regular quarterly cash dividend of $.10.
Top News
Subscribe to RSS
News Update
Dhirubhaism
Growth has no limit at Reliance. I keep revising my vision. Only when you dream it you can do it.
— Dhirubhai
Stock Quotes
Bombay Stock Ex 8839.87 +0.00
Dow Jones 8149.09 -679.95
NASDAQ 1398.07 -137.50
S&P 500 Index 816.21 -80.03
Rel Industries 1109.40 -25.05
Rel Energy 1454.55 +0.00
Rel Capital 435.80 -12.80
Rel Communications 196.55 +1.05
Rel Power 107.20 -3.30
Rel Petroleum 71.80 -1.45
Rel Natural R 40.05 -1.05
Rel Ind Infra 312.80 +1.95
Adlabs Films 149.30 -2.85
Date Time:01-12-2008 05:28
- Dhirubhai's vision for India
Most Popular Posts
- Sudip Bandyopadhyay, CEO of Reliance Money, on Wall Street Finance Board (748 views)
- Ambani Family Photo (475 views)
- Anil Ambani's Kids (468 views)
- Reliance Petroleum will start production by mid-November 2008 (376 views)
- Vimal Launches Exclusive Showrooms in Kolkata (277 views)
- Mukesh loses $43 billion, Anil $40 billion between Jan - Oct 2008 (259 views)
- Reliance Retails launches Reliance Home Kitchen's (237 views)
- Reliance Capital to foray in housing, consumer finance (210 views)
- Reliance oil and gas projects might be delayed (194 views)
- Reliance Consumer Finance stops fresh loans (188 views)
Recent Comments:
- supervisor: NCC LTD (Nagarjuna Constructiion Company ltd)14 months work exp.As in your company job
- sheikh sadik: We would like to draw your kind attention towards the components witch is given below. We are in the...
- sheikh sadik: TAJ CONSULTANCY GONDIA WEBSIET-www.tajconsultancy.co. nr Regd. No 26327 AWXPS5346Q]...
- RAM MANI TIWARI: i want to join in ur company in edp dept. so please inform to me my job by e mail id or mob. no....
- sir ths is dhiraj sharma from bhagwanfashions: Silk and Blended Fabric export all metrial .will you purchase with me...
-
News by Tags
ADAG Ambani brothers Anil Ambani Anil Dhirubhai Ambani Group Big Entertainment Big TV DreamWorks DTH Service Funny Reliance Commercial Globalcom Hollywood Hong Kong Tie-up iStore Joint Venture MTN Mukesh Ambani Profit Reliance Reliance-MTN Reliance ADAG Reliance Big Entertainment Reliance Capital Reliance commercial Reliance Communication Reliance Digital Store Reliance Energy Reliance Entertainment Reliance Globalcom Reliance Industries Reliance Infrastructure Reliance Mobile Reliance Money Reliance mutual fund Reliance Petro Reliance Petroleum Reliance Power Reliance Retail RIL RPL Sensex Share market Shares Stocks Trading