Pep Boys’ Board Determines Revised Proposal From Icahn Enterprises Continues To Be Superior To Bridgestone Transaction
The revised proposal increased the purchase price from $16.50 per share to the greater of (1) $16.50 per share and (2) “a price equal to 10 cents more per share than any increased bona fide bid offered by Bridgestone, up to a maximum of $18.10 per share.”
Pep Boys’ Board Of Directors Determines Latest Proposal From Icahn Enterprises Is Superior To Bridgestone Transaction
Icahn Enterprises L.P. has made a revised proposal to acquire Pep Boys for $16.50 per share in cash, which constituted a “Superior Proposal” as defined in the Pep Boys’ agreement and plan of merger with Bridgestone Retail Operations LLC.
Superior Industries Completes Reincorporation
The reincorporation was approved by the company’s stockholders at the 2015 Annual Meeting of Stockholders held May 5.
Superior Industries Reports First Quarter 2015 Results
Superior’s consolidated net sales for the 2015 first quarter declined 5 percent to $173.7 million from $183.4 million in the first quarter of 2014.
Cooper Tire’s Texarkana Plant Earns US DOE Superior Energy Performance Gold Certification
The plant was recognized for implementing International Organization for Standardization (ISO) 50001, which provides a framework of requirements for organizations to develop policies for more efficient use of energy, set targets to meet the policies, use data to drive decisions about energy use and measure results, continually improving energy management.
Superior Industries Reports Full Year, Fourth Quarter 2014 Results
For the fourth quarter ended Dec. 28, 2014, Superior reported net income of $1.4 million, equal to 5 cents per diluted share, compared $6.4 million, or 23 cents per diluted share, for the prior year period.
Superior Industries Announces 2015 Outlook
SOUTHFIELD, Mich. – Superior Industries International has announced its outlook for 2015. Based on the current economic and market outlook, Superior expects to report net sales in the range of $725 million to $800 million. EBITDA (earnings before interest, taxes, depreciation and amortization) margins are expected to increase 100 to 200 basis points in 2015.
Superior Industries Announces Closing of $100 Million Senior Secured Revolving Credit Facility
VAN NUYS, Calif. – Superior Industries International announced that it has successfully closed a $100 million senior secured revolving credit facility. As previously announced on Nov. 3, Superior entered into a commitment letter with J.P. Morgan Securities LLC, JPMorgan Chase Bank N.A. and Wells Fargo Bank, National Association, pursuant to which, subject to the terms
Superior Industries Announces Appointment Of Jack Hockema To Board Of Directors
VAN NUYS, Calif. – Superior Industries International, one of the largest manufacturers of aluminum wheels for passenger cars and light-duty vehicles in North America, has appointed Jack Hockema to the company’s board of directors, effective Dec. 16. Hockema currently serves as chairman and CEO of Kaiser Aluminum Corp., a leading producer of semi-fabricated specialty aluminum
Superior Capital Partners Completes Add-On Acquisitions For Rostra Precision Controls, Aldora Aluminum & Glass Platforms
Superior seeks to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies.