Key Developments: Celanese Corp (CE)
47.63USD
18 Jun 2013
$0.05 (+0.11%)
$47.58
$47.38
$48.06
$46.93
486,317
1,241,471
$51.58
$32.77
Latest Key Developments (Source: Significant Developments)
Celanese Corp Announces Intent To Sell Two European Manufacturing Facilities
Celanese Corp announced its intent to launch a sale process of its acetic anhydride facility in Roussillon, France, and its vinyl acetate monomer (VAM) production unit in Tarragona, Spain. Celanese is committed to taking the appropriate time to find a credible buyer for both units, with the primary focus on industrial candidates. Celanese is seeking buyers who can integrate these facilities into their own manufacturing organizations. The sale process for both facilities will be open to a broad range of candidates; however, the selection of the buyers will be based on specific criteria, including the ability of the buyers to ensure sustainable operations, retain employees and their ability to meet certain financial conditions. The Celanese Roussillon site produces acetic anhydride with an annual capacity of 34kt and has an employment base of 30 full time workers. The Celanese Tarragona VAM unit produces vinyl acetate monomer with an annual capacity of 200kt and employs 70 full time workers. Full Article
Mitsui & Co Ltd to Establish Joint Venture with Celanese Corporation
Mitsui & Co Ltd announced that it has decided to establish a United States-based joint venture, which will be engaged in the methyl alcohol production business, with Celanese Corporation, which is a United States-based chemical company. Mitsui and Celanese Corporation will each hold a 50% stake in the joint venture. Full Article
Celanese Corp Announces 20% Dividend Increase and Declares Quarterly Dividend
Celanese Corp announced that it has declared a quarterly cash dividend of $0.09 per share on its Series A common stock, payable on May 16, 2013. The dividend is payable for the period beginning February 1, 2013 and ending on and including April 30, 2013 to stockholders of record as of May 6, 2013. Full Article
Celanese Corp Issues FY 2013 EPS Guidance Below Analysts' Estimates
Celanese Corp announced that for fiscal 2013, it expects adjusted earnings per share growth of 12%-14%. The Company reported EPS of $3.80 in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $4.36 for fiscal 2013. Full Article
Celanese Corp Declares Quarterly Dividend
Celanese Corp announced that it has declared a quarterly dividend of $0.075 per share on its Series A common stock, payable on February 28, 2013. The dividend is payable for the period beginning November 1, 2012 and ending on and including January 31, 2013 to stockholders of record as of February 19, 2013. Full Article
Celanese Corp Completes Offering Of $500 Million Of Senior Unsecured Notes
Celanese Corp's Celanese US Holdings LLC announced that it has completed an offering of $500 million in aggregate principal amount of 4.625% senior unsecured notes due 2022. In connection with completion of the offering, the Company will repay $400 million of its existing senior secured credit facility indebtedness that was set to mature in 2016 and plans to use the remaining proceeds, together with cash on hand, to make a $100 million contribution to its U.S. pension plan. Full Article
Celanese Corp Increases Share Repurchase Authorization
Celanese Corp announced the Company`s board of directors increased its share repurchase authorization to $400 million. As of September 30, 2012, the Company had $136 million remaining under its previous authorization. The authorization gives management discretion in determining the timing and conditions under which shares may be repurchased. Full Article
Celanese Corp Declares Quarterly Dividend
Celanese Corp announced that it declared a quarterly dividend of $0.075 per share on its Series A common stock, payable on November 8, 2012. The dividend is payable for the period beginning August 1, 2012 and ending on and including October 31, 2012 to stockholders of record as of October 29, 2012. Full Article
Celanese Corp Prevails in Case Filed By Southern Chemical Corporation
Celanese Corp announced that a jury has ruled in its favor in litigation filed by Southern Chemical Corporation (Southern) relating to the terms of a multi-year methanol supply contract for Celanese’s U.S. and Mexico-based operations. The jury determined that the contract should continue until its expiration and found that Celanese did not violate the terms of the contract. Full Article
Celanese Corp Declares Quarterly Dividend
Celanese Corp announced that it has declared a quarterly dividend of $0.075 per share on its common stock, payable on August 16, 2012. The dividend is payable for the period beginning May 1, 2012 and ending on and including July 31, 2012 to stockholders of record as of August 6, 2012. Full Article
UPDATE 1-C&W Comms rolls out fibre network after disposals
LONDON, Feb 8 - Cable & Wireless Communications said it had started to roll out a fibre network in its Barbados and Cayman markets as part of its new strategy to focus on the pan American region.
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