Commercial Metals (CMC) Declares $0.12 Quarterly Dividend; 2.1% Yield
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Commercial Metals Company (CMC) PT Raised to $27 at Credit Suisse on Improving U.S. Rebar Fundamentals
January 4, 2018 6:37 AM ESTCredit Suisse raised its price target on Commercial Metals Company (NYSE: CMC) to $27.00 (from $24.00) while maintaining a Outperform rating, following an update to the company's outlook.
Analyst Curt Woodworth notes a price target increase on the shares, citing a positive update to... More
Commercial Metals (CMC) to Acquire Certain Gerdau U.S. Rebar Assets for $600M
January 2, 2018 6:04 AM ESTCommercial Metals Company (NYSE: CMC) entered into a definitive agreement to acquire certain U.S. rebar steel mill and fabrication assets from Gerdau S.A. (NYSE: GGB), a producer of long and specialty steel products in the Americas for a cash purchase price of $600 million, subject to customary purchase price adjustments.
The acquisition includes 33 rebar fabrication facilities in the United States, as well as steel mills located in Knoxville, Tennessee; Jacksonville, Florida; Sayreville, New Jersey and Rancho Cucamonga, California, with annual mill rolling capacity of 2.5 million... More
