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maybe a dumb question but is it a good or bad influence over the market?
how soon? a week? month? 2 months? the chart looks very bullish could be a multi day run, but depends on the news.
what news? and when?
Hey, this pop on my scanner, whats the rumor?
After hour news. Being bought by OM Group (OMG) Low float should move with some volume up 14% on $916.
Ohio company announces agreement to acquire EaglePicher Technologies [The Joplin Globe, Mo.]
Knight Ridder/Tribune "Business News "
Dec. 24 --No changes are planned either in the work force or the operations of EaglePicher Technologies after OM Group signed an agreement to acquire the Joplin -based company.
Randy Moore , president to EaglePicher Technologies, said of the deal, which was announced late Wednesday afternoon: "As of now, everything we can tell them (the employees) is that there is going to be no change of business for EaglePicher Technologies."
The company has about 850 employees, 750 of whom work in Joplin , Seneca , Miami, Okla. , and Pittsburg, Kan. The others are located in cities such as Dallas and Vancouver, British Columbia .
"The new ownership isn't going to be making any changes in terms of relocation, consolidation, things like that," said Troy Dewar , director of investor relations for OM Group , a publicly traded company based in Cleveland, Ohio .
Dewar said that while the agreement has been announced, the deal still must be approved by regulators. If all goes well, the deal probably will close sometime in the middle of the first quarter of 2010, he said.
OM Group is buying EaglePicher Technologies for $171.9 million from EaglePicher Corp. OM Group will keep the EaglePicher Technologies name, which has been part of the Joplin area for more than a century.
EaglePicher Technologies last fiscal year had revenue of $125 million , with 60 percent of that coming from batteries used in military applications, 31 percent from its aerospace business, and the rest from niche markets such as implantable medical batteries.
Moore said EaglePicher Technologies management has identified key areas for growth, including implantable medical batteries, lithium-ion batteries for aircraft use, and storage of electricity generated by alternative energy sources, such as wind farms. He said Wednesday that he doesn't expect that to change with the new owner.
OM Group has a number of businesses specializing in products used in everything from circuit boards to solar cells, and its Advanced Materials operation produces chemicals used by a variety of industries, including rechargeable batteries.
"We have also identified the portable power sector as a sector we want to grow in the future," said Dewar, who added that OM Group is the nation's leading refiner of cobalt, which is used in making lithium-ion batteries for laptops and cell phones.
OM Group , traded on the New York Stock Exchange , reported fiscal 2008 sales of $1.7 billion and net income of $135 million .
Moore said he didn't expect the agreement to alter negotiations with employees who also are members of Local 812, United Steelworkers of America .
The union and the company have remained at an impasse since the summer of 2008, when EaglePicher made its last contract offer, said Moore. The company has been operating under the terms of that proposal since then.
Attempts to reach members of the union Wednesday night after the agreement was announced were unsuccessful.
Andy Ostmeyer is the metro editor for The Joplin Globe .
EP history
EaglePicher Corp. in 2006 was taken over by the privately held investment firms of Angelo, Gordon & Co. , and Tennenbaum Capital Partners .
EaglePicher declared bankruptcy in April 2005 .
It previously was owned by Granaria Holdings , a private investment company in the Netherlands .
Tennenbaum Capital Partners was listed as one of EaglePicher's largest creditors at the time of the bankruptcy filing. That was the second time EaglePicher has reorganized in a Chapter 11 bankruptcy proceeding. The first filing was in January 1991 .
To see more of The Joplin Globe or to subscribe to the newspaper, go to http://www.joplinglobe.com/.
Copyright (c) 2009, The Joplin Globe, Mo.
Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc. , 1247 Milwaukee Ave. , Suite 303, Glenview, IL 60025, USA .
Starting new week we SHOULD see a uptrend. Just my opinion.
Whats going to happen with the PPS tomorrow? Is this good or bad news?
IMGM, LOI after hours news thin L2
VSTNQ, what do you think about it trending back up? Great call on ZVTK.
With HDSN supposedly done selling and the breakout nearing according to the chart. What could we possibly expect in the couple days and weeks?
Only n it to make a profit. THanks hopefully the climb wont be too long.
I look forward to getting back to 0.04 so I can start seeing a profit. Hopefully sooner then later.
Hey what is going on with this stock and why is it down so much? Seems like it may be uptrending.
I know. Stuff seems like it will go but it doesnt. Im new to daytrading, is it normally like this in Dec. November was great for me, but this month seems VERY VERY SLOW. Will Jan be different.
August pps is 0.043 so need less to say im a little upset.
We keep getting pushed back its really looking like bs now.
We are screwed until 2010 damn!!!!!!!!!!
per the supposed email we are but who knows.
HAYZQ, pr came after the close, emerging from chapter 11. What do u think? 52 high of 0.139 back n june
website please
We need a push!
Crazy, no movement without HDSN holding the price back.
It seems that email was just a put off response, no substance behind it.
No real buying is going to happen until information is released.
We dont know whats going to happen, per ceo himself, we were told to wait a day or two so wheres the news? Its a slow day and going to be a slow week so it would really stand out if good news was release, but im not the ceo.
street, Why the big drop on FFED?
VSTNQ pullback, holding strong should continue upward with this constant trading. IMO
VSTNQ should bounce back to at least 0.05 was down 59% on friday. Big bounce play! Great call Gumzsa!
Brikk, U believe a substantial PR will be release in a light trading week?
Is the mood on here changing from a December closing to a January closing? I believe we are still good for Dec, but thats just my opinon.
yeah, i just check my email and got a reply. I didnt asked for info, just said thanks for the hard work, and for making his vison open to the public. I just was looking to confirm if he responsed by email.
Robert_Stephen,
I and a bunch of people emailed Dean personally today, and we all were given a auto responder response that all messages will be forwarded to IR. I saw your screenshot last night, but how are you the only one being able to get in contact with Dean?
So if im reading this correctly the funding is not completed and acq wont complete until 2010.
Im trying to figure HDSN role now as well with the O/S nearly maxed. They need to leave. lol
lol, what is it boy, what is it.....news. lol
Only thoughtful answers? This is the first penny stock I have held longer than 2 days. I have been it this since August. Now I normally see stocks have a big jump on news, and maybe a continued run on the next day, but then the stock plummets down. What makes the experienced investors certain, to a degree, that this will be a continually run? I know about the 350 million and the acquisitions, but I just know from history runs don’t last too long, except for CTIC. I may be wrong, that’s why I am asking.
What was in Chicago? Maybe a stupid question but I dont know.
O, 2010 now I thought it was going to be a good Christmas. lol
IMMP freaking bid wackers let it run MONEY WAS COMING IN DAMN!
IMMP getting major hits