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SteelNews.com is a publication created by the Association for Iron and Steel Technology (AIST) for the steel community. We are the leading source for technological and innovative news on the people, producers and suppliers in the North American and international steel communities.

 

CMC/SMI HEADLINES

Steel Producers / CMC/SMI
Latest News:
CMC Responds to Expiration of Tender Offer, Withdrawal of Director Nominees
Jan. 12, 2012 - Commercial Metals Co. issued a statement in response to IEP Metals Sub LLC’s announcement that its tender offer has expired and that Mr. Icahn has withdrawn his nominees for election to the company's Board.
CMC Reports Improved First Quarter Earnings
Jan. 9, 2012 - Commercial Metals Co. reported net earnings of $107.7 million on net sales of $2.0 billion for the fiscal first quarter ended November 30, 2011.
CMC Enters Amended Credit Agreement, Receivables Purchase Agreement
Jan. 4, 2012 - Commercial Metals Co. has entered into amended Credit and Receivables Purchase Agreements.
CMC Announces Guidance for First Quarter 2012 Earnings
Dec. 20, 2011 - Commercial Metals Co. expects to report earnings in the range of $0.87 to $0.97 per diluted share for its first quarter ended November 30, 2011, a substantial increase over the $0.01 earnings per share recorded for the first quarter of fiscal 2011.
CMC Board of Directors to Review Unsolicited Tender Offer from Carl Icahn
Dec. 12, 2011 - Commercial Metals Company's Board of Directors, in consultation with its independent financial and legal advisers, will review the unsolicited tender offer from Carl Icahn and Icahn Enterprises Holdings L.P. to acquire all outstanding common shares of Commercial Metals Company at a price of $15.00 per share. 
CMC to Review Unsolicited Letter from Carl Icahn
Nov. 29, 2011 - Commercial Metals comments on the open letter released to the press by Carl Icahn proposing to acquire all outstanding common shares of Commercial Metals at a price of $15.00 per share.
CMC Reports Fourth Quarter and Full-Year Results
Oct. 31, 2011 - Commercial Metals Company reported a net loss of $120.3 million $1.04 per diluted share on net sales of $2.3 billion for the fourth quarter, and a net loss of $129.6 million on net sales of $7.9 billion for the full year ended August 31, 2011.
CMC Receives Notice of Intention to Nominate Directors
Oct. 20, 2011 - Commercial Metals Co. (CMC) has received notice from Carl Icahn, and affiliated entities, of their intention to nominate three candidates for election to CMC's Board of Directors at the company's 2012 Annual Meeting. The notice also contains the intention to make certain proposals at the meeting.
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