Net proceeds were estimated at about $700 million, which will be used to reduce debt.
OM Group said the sale includes its automotive catalysts; fuel cells; precious metals chemistry; technical materials; jewelry and electroplating; and metals management businesses.
The operations generated 2002 sales of $4.4 billion and an operating profit of $78 million, the maker of metal-based specialty chemicals said.
The company's total 2002 sales were $4.91 billion.
Now to another issue, I just heard about good Martha's indictment, and tens of journalist were there hearing the prosecutor bull shit about "insider advantage", and that she is being prosecuted for what she did, not being Martha. Bull shit if I ever heard any. None of the Journalists had the temerity to query the prosecutor with That broker that colluded with Martha, how many more customers did he have in IMCL? How many of these sold when told by the broker Waksal is selling, why are these customers not prosecuted to the full extent of the law, because, they are not Martha, of course.
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