WARRENVILLE, Ill. -- Fuel Tech, Inc. (NASDAQ:FTEK), a world leader in advanced engineering solutions for the optimization of combustion systems and emissions control in utility and industrial applications, today announced the receipt of multiple air pollution control (APC) contracts from customers in the US, China and Europe. These awards have an aggregate value of approximately $6.9 million.

 

“We have announced approximately $29 million in new orders thus far in 2017 from customers throughout the United States, Europe, and Asia,” said Vincent J. Arnone, President and Chief Executive Officer of Fuel Tech. “We are continuing to build our capital projects backlog, which stood at $21.4 million at June 30, 2017, up $13.4 million from December 31, 2016. As previously announced, we expect a significant improvement in our operating performance for the second half of 2017, driven primarily by reduced operating costs and an acceleration in backlog-to-revenue conversion.”

VANCOUVER, Aug 28, 2017  - Polaris Materials Corporation (TSX:PLS) (the "Company" or "Polaris"), today announced that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with Vulcan Materials Company (NYSE:VMC) ("Vulcan"), pursuant to which Vulcan, through an indirect subsidiary, will acquire all of the issued and outstanding shares of Polaris for C$2.79 per share in cash by way of a statutory plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia).  The price per share implies an aggregate fully diluted equity value for Polaris of approximately C$252 million. 

 

Transaction Highlights

The cash purchase price represents a 191% premium to Polaris' closing share price of C$0.96 on August 25, 2017 and a 194% premium to the volume weighted average price of Polaris' shares over the last 10 trading days.

HAMILTON, Bermuda, Aug. 14, 2017 -- Transaction Highlights:

Accelerates the automation and integration of tubular services into Nabors rigs and creates immediate global scale for Nabors Drilling Solutions

Combines complementary portfolio of products, services and technologies to enhance Nabors position as a leading worldwide player in drilling equipment and performance software

Strengthens Nabors financial position through substantial commercial and operational synergies

Brings experienced Tesco management, employees, and technology into Nabors operations

Nabors Industries Ltd. ("Nabors") (NYSE: NBR) is pleased to announce that the company has signed an Arrangement Agreement ("Agreement") to acquire all of the issued and outstanding common shares of Tesco Corporation ("Tesco") (NASDAQ: TESO), with each outstanding share of common stock of Tesco being exchanged for 0.68 common shares of Nabors. This transaction will create a leading rig equipment and drilling automation provider by combining Canrig, Nabors rig equipment subsidiary, with Tesco's rig equipment manufacturing, rental and aftermarket service business. Additionally, Tesco operates a tubular services business in numerous key regions globally, which will immediately benefit Nabors Drilling Solutions' operation.

AK Steel Announces Financial Results for Second Quarter 2017

Company Reports Net Income of $61.2 Million -- Best Second Quarter Since 2008

 

WEST CHESTER, OH--(Jul 25, 2017) - AK Steel (NYSE: AKS) today reported its financial results for the second quarter of 2017.

 

2nd Quarter 2017 Highlights

Net income of $61.2 million, or $0.19 per diluted share

Adjusted EBITDA of $142.0 million increased 43% from the second quarter 2016

Adjusted EBITDA margin improved to 9.1% from 6.7% in the second quarter 2016

Completed actions to reduce long-term debt by $130 million