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OM Group (OMG +9.1%) agrees to sell its advanced materials business for $325M to a JV that...

OM Group (OMG +9.1%) agrees to sell its advanced materials business for $325M to a JV that includes Freeport McMoRan (FCX); OMG says it also may receive up to an additional $110M based upon certain revenue targets over a three-year period. OMG says the sale is in line with its strategy to shift toward technology-based businesses with attractive growth prospects and more predictable profits.
Comments (1)
  • bukdow
    , contributor
    Comments (855) | Send Message
     
    FCX continues to make very astute moves and is positioning itself very well. I am very happy I backed the truck up at $31.97.
    22 Jan 2013, 12:45 PM Reply Like
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