active
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You must have taken some viagra today dd, GCOG is trying to pop off with you. LOL
.0018's at bat.
GCOG printing .0018 now.
I'll take a $4-5 gain any day. It's just a matter of time IMHO
Hexion Specialty Chemicals Announces Post-Merger Senior Leaders
COLUMBUS, Ohio – (March 5, 2008) – Hexion Specialty Chemicals, Inc. today announced the post-merger senior leaders for the company, contingent on the close of its acquisition of Huntsman Corporation (NYSE:HUN). The transaction is expected to close during the second quarter of 2008, pending receipt of regulatory approvals and the satisfaction of other closing conditions.
Once the merger transaction is completed:
Peter R. Huntsman, President and CEO of Huntsman Corporation, will become Chairman of the Board for the combined company;
Craig O. Morrison, Chairman, CEO and President of Hexion Specialty Chemicals, will become President and Chief Executive Officer;
Donald J. Stanutz, Division President, Performance Products, of Huntsman Corporation, will become Chief Operating Officer;
William H. Carter, Executive Vice President and CFO for Hexion, will assume that role in the new company.
“We are pleased to have a talented and highly experienced team of chemical industry executives in place to build an industry-leading enterprise, once the transaction is completed,” said Joshua J. Harris, founding partner with Apollo Management L.P. “This combination will form one of the world's largest specialty chemical companies. It will have annual sales of more than $14 billion, and more than 21,000 associates and 180 facilities around the world serving a diverse range of customers and industries with leading technologies and products.”
Mr. Huntsman has served in his current role with Huntsman Corporation since July 2000 and previously served as President and Chief Operating Officer since 1994. In 1987, he joined Huntsman Polypropylene Corporation as Vice President before serving as Senior Vice President and General Manager. He has also served as President of Olympus Oil, as Senior Vice President of Huntsman Chemical Corporation and as a Senior Vice President of Huntsman Packaging Corporation, a former subsidiary of the company.
Mr. Morrison joined Borden Chemical, Inc., a predecessor company of Hexion Specialty Chemicals, in March 2002 as President and CEO. He was named Chairman in 2005. Prior to joining Hexion, he served as President and General Manager of Alcan Pharmaceutical and Cosmetic Packaging, a division of Alcan, Inc., and as President and General Manager of Van Leer Containers, Inc. He also served as a management consultant with Bain & Company, and worked in a variety of management roles within GE Plastics.
Mr. Stanutz has served in his current role as Division President, Performance Products since 2004. He also has served the Huntsman organization as Executive Vice President and Chief Operating Officer of Huntsman LLC, as Executive Vice President, Global Sales and Marketing, and as Executive Vice President, Polyurethanes, PO and Performance Chemicals. Prior to joining Huntsman in 1994, Mr. Stanutz served in a variety of senior positions with Texaco Chemical Company.
Mr. Carter has served as Executive Vice President and Chief Financial Officer of Hexion Specialty Chemicals, Inc., and its predecessors, Borden Chemical, Inc., and Borden, Inc., since 1995. Prior to joining Hexion, he served as the Price Waterhouse engagement partner for Borden. He previously served Price Waterhouse in various client assignments in manufacturing, real estate and financial services.
About The Hexion-Huntsman Transaction
Hexion announced on July 12, 2007, that it had entered into a definitive agreement to acquire Huntsman Corporation in an all-cash transaction valued at approximately $10.6 billion, including the assumption of debt. The transaction was approved by Huntsman shareholders on October 16, 2007 and is subject to customary closing conditions, including regulatory approval in the U.S. and several other countries.
About Hexion Specialty Chemicals, Inc.
Based in Columbus, Ohio, Hexion Specialty Chemicals is the global leader in thermoset resins. Hexion serves the global wood and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Hexion has more than 7,000 associates and over 100 manufacturing sites around the world. The company had 2006 revenues of $5.2 billion. Additional information is available at www.hexion.com.
About Huntsman Corporation
Huntsman is a global manufacturer and marketer of differentiated chemicals. Its operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging. Huntsman today has 14,000 employees and over 75 operations in 24 countries. The company had 2007 revenues from all operations of approximately $10 billion. Additional information is available at www.huntsman.com.
About Apollo Management
Founded in 1990, Apollo is a leading private equity and capital markets investor with more than 17 years of experience investing across the capital structure of leveraged companies. The firm employs over 175 professionals and has offices in New York, Los Angeles, London, Singapore, Frankfurt and Paris. Apollo has assets under management of more than $41 billion of capital across a wide variety of industries both domestically and internationally. The firm's most recent private equity fund, Apollo Investment Fund VI, L.P., and its co-investment affiliate have capital commitments of approximately $11.6 billion.
#
Forward Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, the management of Hexion Specialty Chemicals, Inc. (which may be referred to as “Hexion,” “we,” “us,” “our” or the “Company”) may from time to time make oral forward-looking statements. Forward looking statements may be identified by the words “believe,” “expect,” “anticipate,” “project,” “plan,” “estimate,” “will” or “intend” or similar expressions. Forward-looking statements reflect our current views about future events and are based on currently available financial, economic and competitive data and on our current business plans. Actual results could vary materially depending on risks and uncertainties that may affect our markets, services, prices and other factors as discussed in our 2006 Annual Report on Form 10-K, and our other filings, with the Securities and Exchange Commission (SEC). Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: economic factors such as an interruption in the supply of or increased pricing of raw materials due to natural disasters, competitive factors such as pricing actions by our competitors that could affect our operating margins, and regulatory factors such as changes in governmental regulations involving our products that lead to environmental and legal matters as described in our 2006 Annual Report on Form 10-K, and our other filings, with the SEC.
Contact for Hexion:
Media:
Peter Loscocco
Vice President, Public Affairs
614-225-4127
peter.loscocco@hexion.com
Investor Relations:
John Kompa
Director, Investor Relations
614-225-2223
john.kompa@hexionchem.com
I'll take a $4-5 gain any day. It's just a matter of time IMHO
Hexion Specialty Chemicals Announces Post-Merger Senior Leaders
COLUMBUS, Ohio – (March 5, 2008) – Hexion Specialty Chemicals, Inc. today announced the post-merger senior leaders for the company, contingent on the close of its acquisition of Huntsman Corporation (NYSE:HUN). The transaction is expected to close during the second quarter of 2008, pending receipt of regulatory approvals and the satisfaction of other closing conditions.
Once the merger transaction is completed:
Peter R. Huntsman, President and CEO of Huntsman Corporation, will become Chairman of the Board for the combined company;
Craig O. Morrison, Chairman, CEO and President of Hexion Specialty Chemicals, will become President and Chief Executive Officer;
Donald J. Stanutz, Division President, Performance Products, of Huntsman Corporation, will become Chief Operating Officer;
William H. Carter, Executive Vice President and CFO for Hexion, will assume that role in the new company.
“We are pleased to have a talented and highly experienced team of chemical industry executives in place to build an industry-leading enterprise, once the transaction is completed,” said Joshua J. Harris, founding partner with Apollo Management L.P. “This combination will form one of the world's largest specialty chemical companies. It will have annual sales of more than $14 billion, and more than 21,000 associates and 180 facilities around the world serving a diverse range of customers and industries with leading technologies and products.”
Mr. Huntsman has served in his current role with Huntsman Corporation since July 2000 and previously served as President and Chief Operating Officer since 1994. In 1987, he joined Huntsman Polypropylene Corporation as Vice President before serving as Senior Vice President and General Manager. He has also served as President of Olympus Oil, as Senior Vice President of Huntsman Chemical Corporation and as a Senior Vice President of Huntsman Packaging Corporation, a former subsidiary of the company.
Mr. Morrison joined Borden Chemical, Inc., a predecessor company of Hexion Specialty Chemicals, in March 2002 as President and CEO. He was named Chairman in 2005. Prior to joining Hexion, he served as President and General Manager of Alcan Pharmaceutical and Cosmetic Packaging, a division of Alcan, Inc., and as President and General Manager of Van Leer Containers, Inc. He also served as a management consultant with Bain & Company, and worked in a variety of management roles within GE Plastics.
Mr. Stanutz has served in his current role as Division President, Performance Products since 2004. He also has served the Huntsman organization as Executive Vice President and Chief Operating Officer of Huntsman LLC, as Executive Vice President, Global Sales and Marketing, and as Executive Vice President, Polyurethanes, PO and Performance Chemicals. Prior to joining Huntsman in 1994, Mr. Stanutz served in a variety of senior positions with Texaco Chemical Company.
Mr. Carter has served as Executive Vice President and Chief Financial Officer of Hexion Specialty Chemicals, Inc., and its predecessors, Borden Chemical, Inc., and Borden, Inc., since 1995. Prior to joining Hexion, he served as the Price Waterhouse engagement partner for Borden. He previously served Price Waterhouse in various client assignments in manufacturing, real estate and financial services.
About The Hexion-Huntsman Transaction
Hexion announced on July 12, 2007, that it had entered into a definitive agreement to acquire Huntsman Corporation in an all-cash transaction valued at approximately $10.6 billion, including the assumption of debt. The transaction was approved by Huntsman shareholders on October 16, 2007 and is subject to customary closing conditions, including regulatory approval in the U.S. and several other countries.
About Hexion Specialty Chemicals, Inc.
Based in Columbus, Ohio, Hexion Specialty Chemicals is the global leader in thermoset resins. Hexion serves the global wood and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Hexion has more than 7,000 associates and over 100 manufacturing sites around the world. The company had 2006 revenues of $5.2 billion. Additional information is available at www.hexion.com.
About Huntsman Corporation
Huntsman is a global manufacturer and marketer of differentiated chemicals. Its operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging. Huntsman today has 14,000 employees and over 75 operations in 24 countries. The company had 2007 revenues from all operations of approximately $10 billion. Additional information is available at www.huntsman.com.
About Apollo Management
Founded in 1990, Apollo is a leading private equity and capital markets investor with more than 17 years of experience investing across the capital structure of leveraged companies. The firm employs over 175 professionals and has offices in New York, Los Angeles, London, Singapore, Frankfurt and Paris. Apollo has assets under management of more than $41 billion of capital across a wide variety of industries both domestically and internationally. The firm's most recent private equity fund, Apollo Investment Fund VI, L.P., and its co-investment affiliate have capital commitments of approximately $11.6 billion.
#
Forward Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, the management of Hexion Specialty Chemicals, Inc. (which may be referred to as “Hexion,” “we,” “us,” “our” or the “Company”) may from time to time make oral forward-looking statements. Forward looking statements may be identified by the words “believe,” “expect,” “anticipate,” “project,” “plan,” “estimate,” “will” or “intend” or similar expressions. Forward-looking statements reflect our current views about future events and are based on currently available financial, economic and competitive data and on our current business plans. Actual results could vary materially depending on risks and uncertainties that may affect our markets, services, prices and other factors as discussed in our 2006 Annual Report on Form 10-K, and our other filings, with the Securities and Exchange Commission (SEC). Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: economic factors such as an interruption in the supply of or increased pricing of raw materials due to natural disasters, competitive factors such as pricing actions by our competitors that could affect our operating margins, and regulatory factors such as changes in governmental regulations involving our products that lead to environmental and legal matters as described in our 2006 Annual Report on Form 10-K, and our other filings, with the SEC.
Contact for Hexion:
Media:
Peter Loscocco
Vice President, Public Affairs
614-225-4127
peter.loscocco@hexion.com
Investor Relations:
John Kompa
Director, Investor Relations
614-225-2223
john.kompa@hexionchem.com
I had a feeling earnings would be less that expected. Revenues were up and the pps is holding very well which gives me the impression that this is a done deal @ 28 per share :)
GCOG .0017 + .001 steady as she goes. :)
Good morning BREAKOUT TRADERS
Suspend deliveries to U.S. oil reserve, lawmakers say
Congressional Democrats and Republicans support a halt to the nation's emergency stockpiling, citing high gas prices. President Bush has said that a moratorium would be risky and wouldn't bring down prices.
By Richard Simon, Los Angeles Times Staff Writer
May 8, 2008
WASHINGTON -- Only gasoline prices nearing $4 a gallon could accomplish this political feat: bringing together congressional Democrats and Republicans to support a halt to oil deliveries for the nation's Strategic Petroleum Reserve.
With fuel costs becoming a crucial election-year issue, members of both parties -- separately -- pitched their ideas Wednesday for bringing down prices.
Democrats called for a windfall profits tax on oil companies, rolling back tax breaks for the industry and new protections against price-gouging, while Republicans urged increased exploration for new domestic oil sources. About the only proposal their plans had in common was to stop the delivery of 70,000 barrels of oil a day for the emergency stockpile.
President Bush has resisted suspending deliveries, contending it would weaken the nation's defenses against an interruption in the flow of foreign oil. The reserve, set up after the 1973 Arab oil embargo, holds about 700 million barrels in salt caverns along the Gulf Coast.
Bush also has asserted that halting deliveries would do little to bring oil prices down. After all, 70,000 barrels represents a small fraction of the 20 million the nation uses every day.
Energy Secretary Samuel Bodman, in a recent letter to lawmakers, said that in light of "significant risks in the oil market from geopolitical instabilities among some producing countries, terrorist threats to production globally, and natural disasters like Hurricanes Katrina and Rita that can seriously disrupt supply to our country . . . the United States must look to strengthen our energy insurance policy, not weaken it."
But Democrats said the suspension would put more oil on the market and save motorists about 2 cents to 5 cents a gallon. In a letter to Bush on Wednesday, nearly 100 House members said that deferring deliveries or releasing oil from the reserve could also curb speculation in oil markets.
An increasing number of Republicans have joined Democrats to back a halt to oil deliveries, noting that gas prices have never been this high.
"There are few actions that can be taken that will have a near-term impact on the price of oil and gasoline," Sen. Charles E. Grassley (R-Iowa) said in a letter this week to Bush. "However, halting the deposits of crude oil in the [Strategic Petroleum Reserve] is a small but positive step that can increase the supply of crude oil in the market, and hopefully reduce the price at the pump."
Sen. Byron L. Dorgan (D-N.D.) said he would try to add a measure that would suspend the oil deliveries to a war-funding bill. "I think it's nuts, at $120 a barrel for oil, to put up to 70,000 barrels a day underground," he said Wednesday.
Otherwise, in a day of political maneuvering over gas prices, the parties agreed on little else.
Democrats unveiled a package that would impose a windfall profits tax on oil companies and roll back industry tax breaks to raise money to promote cleaner energy sources and energy-efficient technology. They also proposed regulation aimed at cracking down on speculation in oil markets.
Notably missing from the bill is a summer moratorium on the federal gas tax that has become a hot issue in the presidential campaign. Sen. John McCain (R-Ariz.) and Sen. Hillary Rodham Clinton (D-N.Y.) support the idea; Sen. Barack Obama (D-Ill.) opposes it.
Republicans moved swiftly to attach their own proposals, heavily tilted toward promoting domestic production of oil, to a bill before the Senate. Their proposals include opening the Arctic National Wildlife Refuge to energy exploration and relaxing the long-standing ban on new drilling off the East and West Coasts.
Most of the parties' proposals are not new and have failed to pass before.
But legislation isn't their only goal. Lawmakers want to show they are sympathetic to public anger over high prices, and are using their energy proposals to highlight differences between the parties before the fall election.
"The Democrats' plan to reduce gas prices is running on empty," said Sen. Pete V. Domenici of New Mexico, the top Republican on the Senate Energy and Natural Resources Committee. "Americans don't need more taxes and more investigations; they need more oil and lower prices."
Senate Majority Leader Harry Reid (D-Nev.) responded: "Bush Republicans' only answer" is to drill in the Arctic National Wildlife Refuge. "We cannot produce our way out of the problems that we have."
Democrats hope to bring up their proposals for a vote in the Senate before the Memorial Day recess.
richard.simon@latimes.com
We will radar that one for a bounce. Thank you.
If anyone here is interested in the big boards, this should be a good trade for $4-5 to keep an eye on.
Earnings are also expected tomorrow so if it dips it may be a bonus :)
HUN 23.23
I. $ 28 cash takeover offer approved by shareholders:
http://www.marketwatch.com/news/story/huntsman-shareholders-approve-takeover-hexion/story.aspx?guid=%7B693418DD%2DC897%2D41A7%2D98DC%2D91FF8D5B9D8C%7D&dateid=39371.5184040741-908393787
II. Insider Actions for Huntsman Corp
Date Name Shares Stock Transaction
03/14/2008 PETER R HUNTSMAN
President & Chief Executive Officer 5,000 HUN Open Market Purchase
Cost $118,500.00
03/14/2008 PETER R HUNTSMAN
President & Chief Executive Officer 5,000 HUN Open Market Purchase
Cost $119,000.00
http://www.marketwatch.com/tools/quotes/insiders.asp?symb=HUN&sid=1935700&dist=TQP_Nav_insider_actions
A no brainer trade on the NYSE :
Earnings are also expected tomorrow so if it dips it may be a bonus :)
HUN 23.23
I. $ 28 cash takeover offer approved by shareholders:
http://www.marketwatch.com/news/story/huntsman-shareholders-approve-takeover-hexion/story.aspx?guid=%7B693418DD%2DC897%2D41A7%2D98DC%2D91FF8D5B9D8C%7D&dateid=39371.5184040741-908393787
II. Insider Actions for Huntsman Corp
Date Name Shares Stock Transaction
03/14/2008 PETER R HUNTSMAN
President & Chief Executive Officer 5,000 HUN Open Market Purchase
Cost $118,500.00
03/14/2008 PETER R HUNTSMAN
President & Chief Executive Officer 5,000 HUN Open Market Purchase
Cost $119,000.00
http://www.marketwatch.com/tools/quotes/insiders.asp?symb=HUN&sid=1935700&dist=TQP_Nav_insider_actions
GCOG :
GCOG :
I just marked the board. :)
Not too many, I was just starting to trade pennies back then.
It seems as if people do not work together as a team like they did back then. MHO, Many have become "greedy" and "selfish". Breakout traders are cool though ;) ;)
QBID, now that's an old play I traded. I used to call Fat Frank Olsen on the phone quite often for news. He would often sing like a bird and give out all sorts of information ,LOL
FYI Free 2 week trial on Investorshub :
http://investorshub.advfn.com/boards/freetrial.asp
I do have a long way to go. He he .
Goodnight Mr. MOMO
From ibox, have you tried this yet? Free 2 week trial on Investorshub :
http://investorshub.advfn.com/boards/freetrial.asp
Asian Stocks Fall for First Time in Three Days; Banks Decline
By Chen Shiyin
May 6 (Bloomberg) -- Asian stocks declined for the first time in three days, led by financial companies, after Kookmin Bank and St. George Bank Ltd. reported lower profit amid turmoil in credit markets.
Kookmin and Shinhan Financial Group Ltd., South Korea's two largest banks, retreated after reporting lower net income. St. George Bank, Australia's fifth-largest, dropped after posting its first profit decline in six years on higher bad debts. BHP Billiton Ltd., the world's biggest mining company, advanced after crude oil prices surpassed a record $120 a barrel and copper futures gained.
``Results so far are not showing that things are turning around, especially in the financials,'' said Leslie Phang, Singapore-based head of private client investments at Schroders Plc, which manages $275 billion.
The MSCI Asia Pacific excluding Japan Index lost 0.1 percent to 498.38 as of 9:29 a.m. in Hong Kong, halting a two-day, 2 percent advance. Financial shares fell 0.8 percent, the biggest decline among the regional benchmark's 10 industry groups.
Japan's markets are closed for a holiday. Australia's S&P/ASX 200 Index lost 0.7 percent. Benchmarks also retreated in China, New Zealand and Singapore.
U.S. stocks fell yesterday, sending the Standard & Poor's 500 Index lower for the first time in three days. Macy's Inc. led a decline among retailers on concern record oil prices will damp consumer spending and Yahoo! Inc. tumbled the most in almost two years after Microsoft Corp. abandoned its $50 billion bid for the company.
Banks Drop
Today's decline in the MSCI Asia-Pacific excluding Japan Financials Index trimmed the benchmark's one-month rally to 5.5 percent. The measure has rebounded from a 16-month low reached on March 17 after JPMorgan Chase & Co. rescued Bear Stearns Cos. and the Federal Reserve cut interest rates to shore up confidence in the financial system.
Kookmin, South Korea's biggest bank, slipped 3.4 percent to 69,100 won, declining for the first time since April 24. The company said first-quarter net income fell 47 percent, prompting Morgan Stanley and UBS AG to cut their ratings on the stock.
Shinhan fell 3.4 percent to 56,900 won, set for its largest loss since March 13. South Korea's second-largest financial company said first-quarter profit fell 35 percent on higher funding costs.
St. George dropped 2.9 percent to A$26.95 after saying net income declined 10 percent. Chief Executive Officer Paul Fegan cut his forecast for earnings per share growth to 8 percent to 10 percent for the full-year, from 10 percent estimated in February.
Oil, Copper
Malayan Banking Bhd. dropped 2.5 percent to a four-year low of 7.80 ringgit after Citigroup Inc., UBS AG and Macquarie Bank Ltd. cut their share-price forecasts for the nation's largest bank. The company said yesterday it will pay as much as 60.3 billion rupees ($916 million) for a 20 percent stake in Pakistan's MCB Bank Ltd.
Limiting declines, BHP Billiton advanced 0.6 percent to A$44.37. Rio Tinto Group, the world's third-biggest mining company, rose 1 percent to A$140.30.
Crude oil for June delivery yesterday rose to an intraday high of $120.36 a barrel after the Institute for Supply Management's index of non-manufacturing businesses, which make up almost 90 percent of the U.S. economy, grew for the first time since December, signaling higher energy use.
Meanwhile, copper prices advanced 3.3 percent yesterday in New York, while gold added 1.9 percent.
Newcrest Mining Ltd., Australia's largest gold producer, added 1.9 percent to A$28.82. Woodside Petroleum Ltd., the nation's second-biggest oil and gas explorer, climbed 1.5 percent to A$60.12.
To contact the reporter for this story: Chen Shiyin in Singapore at schen37@bloomberg.net
Last Updated: May 5, 2008 22:01 EDT
MOMO, 1167 marks now :)
SIIX 197 marks now
Tonight is my "trade boardmarks night" so if anyone wants a mark just reply to this post.
I noticed that NITE keeps lowing their offer on the ask.
Another close in the green. 0.0013 +0.0003 (+30.00%)
.005
BLDV:OTC chart:
.08 +.02 33.33% 129,725 I see vol. picking up again
What's running today?
SPSI .075 x .08, good call from .06 uptickrick.
"Spider chartist" could be a nice name for I hub
Good night breakout traders . LOL, don't they all.
Actually 1910. http://en.wikipedia.org/wiki/Sperry_Corporation That's some pretty exciting stuff mick.
I noticed that you are quite market saavy. 2 box reversal chart:
GCOG p&f chart:
Thank you MOMO