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Commercial Metals Company (CMC)

- NYSE
  • Jun. 26, 2012, 5:30 PM
    Notable earnings before Wednesday’s open: CMC, GIS, LEN, MKC, MON
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  • Apr. 18, 2012, 8:32 AM
    Carl Icahn lowers his stake in Commercial Metals (CMC) to 7.49% from 9.98% three months after dropping his $1.73B buyout offer, for which received acceptances representing only 23% of shares.
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  • Mar. 28, 2012, 7:07 AM
    Commercial Metals (CMC): FQ2 EPS of $0.25 beats by $0.16. Revenue of $1.96B (+9.8% Y/Y) in-line. (PR)
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  • Mar. 28, 2012, 12:05 AM
    Notable earnings before Wednesday's open: AUQ, CMC, FDO
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  • Mar. 27, 2012, 5:30 PM
    Notable earnings before Wednesday's open: AUQ, CMC, FDO
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  • Jan. 12, 2012, 9:26 AM
    No Icahn, means no love from BofA toward shares of Commercial Metals (CMC). Analysts with the firm initiate coverage with a dour Underperform rating. Shares flat in premarket trading.
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  • Jan. 11, 2012, 9:14 AM
    Premarket gainers: EK +15%. YOKU +8%. CROX +7%. ALU +6%. TXT +5%. DECK +4%. ING +3%. BRCD +3%. VICL +3%. IDIX +3%.
    Losers: URBN -17%. HL -15%. SVU -9%. CMC -6%. ARNA -6%. CMVT -6%. RGLD -4%. RDS.A -3%. TWO -3%. SKM -3%.
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  • Jan. 11, 2012, 7:56 AM
    Bloomberg reports Carl Icahn has ended his attempt to purchase Commercial Metals (CMC). Shares -10.5% premarket. (previous)
    | 2 Comments
  • Jan. 6, 2012, 2:28 PM
    Analysts weigh in on Commercial Metals' (CMC +6.1%) FQ1 report, with D.A. Davidson's Taryn Kuida calling out the significant profit improvement across segments and CRT Capital's Kuni Chen seeing the "good" report and Carl Icahn drama leading to higher bids in the weeks ahead.
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  • Jan. 6, 2012, 11:31 AM
    Commercial Metals (CMC +2.6%) CFO Barbara Smith responds to Carl Icahn's overture to shareholders on an earnings CC, saying the investor's offer "undervalues" the company.
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  • Jan. 6, 2012, 8:09 AM
    Commercial Metals (CMC): FQ1 EPS of $0.93 beats by $0.77. Revenue of $1.99B (+11.9% Y/Y) misses by $60M. (PR)
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  • Jan. 6, 2012, 12:05 AM
    Notable earnings before Friday's open: CMC
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  • Jan. 5, 2012, 11:13 AM
    Carl Icahn says he's willing to raise his $15-per-share bid for Commercial Metals (CMC -1.2%) and encourages shareholders to accept his unsolicited $1.73B tender offer for the scrap-metal processor. Icahn says if the shares are tendered and the board puts the company up for sale, he's willing to extend his offer to allow for a competitive sales process with a $15 floor.
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  • Jan. 4, 2012, 12:52 PM
    Commercial Metals' (CMC +2.8%) board urges stockholders reject billionaire Carl Icahn's board nominees, and once again calls to reject Icahn's unsolicited tender offer as well.
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  • Dec. 19, 2011, 8:04 AM
    Commercial Metals (CMC) recommends shareholders reject Icahn's $15/share tender offer, saying it "substantially undervalues CMC, is opportunistic and is not in the best interests of its stockholders." (previously)
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  • Dec. 9, 2011, 10:30 AM
    Plan B: After being rejected by the firm directly, Carl Icahn launches a $15/share tender offer to acquire a controlling interest of Commercial Metals (CMC +0.2%). Icahn calls on the firm's board to redeem a poison pill that could block his efforts.
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CMC vs. ETF Alternatives
Company Description
Commercial Metals Co recycles, manufactures, fabricates and distributes steel and metal products and related materials and services through a network of locations throughout the United States and internationally.
Industry: Steel & Iron
Country: United States