Key Developments: Mueller Water Products Inc (MWA)
6.51USD
19 Jun 2013
$-0.22 (-3.27%)
$6.73
$6.71
$6.73
$6.43
1,239,582
1,297,985
$7.75
$3.18
Latest Key Developments (Source: Significant Developments)
Mueller Water Products Inc Announces Quarterly Dividend
Mueller Water Products Inc announced that its Board of Directors declared a quarterly dividend of $0.0175 per share, payable on or about May 20, 2013 to stockholders of record at the close of business on May 10, 2013. Full Article
Mueller Water Products Inc Announces Quarterly Dividend
Mueller Water Products Inc announced that its Board of Directors declared a quarterly dividend of $0.0175 per share, payable on or about February 20, 2013 to stockholders of record at the close of business on February 11, 2013. Full Article
Mueller Water Products Inc Announces Quarterly Dividend
Mueller Water Products Inc announced that its Board of Directors declared a quarterly dividend of $0.0175 per share, payable on or about November 21, 2012 to stockholders of record at the close of business on November 9, 2012. Full Article
Metro Water Services Selects Mueller Water Products, Inc.'s Mueller Service Co. for Water Valve Assessment Project
Mueller Water Products, Inc. announced that Metro Water Services (MWS) has selected Mueller Service Co. to help improve its ability to manage and maintain its water system by locating and assessing the condition of water valves throughout its service area. A division of Mueller Co., Mueller Service Co. is a provider of discrete and contract assessment and remediation services to public and private water utilities in the United States. Under the terms of the agreement, Mueller Service Co. will locate and assess the operational condition and accessibility of water valves (2" to 60" in diameter) in MWS' service area. Information collected by Mueller Service Co. during the project will be used by MWS to improve the accuracy of its geographic information system (GIS) database and update its computerized maintenance and management system. Mueller Service Co. and Mueller Co. are subsidiaries of the Company. Full Article
Mueller Water Products, Inc. Announces Quarterly Dividend
Mueller Water Products, Inc. announced that its Board of Directors declared a quarterly dividend of $0.0175 per share, payable on or about August 20, 2012 to stockholders of record at the close of business on August 10, 2012. Full Article
Mueller Water Products, Inc. Announces Quarterly Dividend
Mueller Water Products, Inc. announced that its Board of Directors declared a quarterly dividend of $0.0175 per share, payable on May 21, 2012 to stockholders of record at the close of business on May 10, 2012. Full Article
Mueller Water Products, Inc. Signs Agreement to Divest U.S. Pipe
Mueller Water Products, Inc. announced that it has signed a definitive purchase agreement to divest United States Pipe and Foundry Company, LLC and Fast Fabricators, LLC (together U.S. Pipe) to an affiliate of Wynnchurch Capital, Ltd. (Wynnchurch), a Chicago-based private equity firm with offices in Dallas, Detroit and Toronto, the Company announced today. Partnering with Wynnchurch in the transaction is the Comvest Group, a private investment firm focused on providing equity and debt capital to lower middle-market companies. Under the terms of the agreement, USP Holdings Inc., an affiliate of Wynnchurch, will acquire 100% of the equity interests in U.S. Pipe for $89.8 million in cash, subject to post-closing adjustments, and the agreement to reimburse Mueller Water Products for certain liabilities, currently estimated at $10.2 million. Mueller Water Products expects to use the proceeds from the divestiture to pay down debt and for general corporate purposes. This divestiture improves Mueller Water Products' leverage (net debt/adjusted EBITDA from continuing operations) on a pro forma basis from 6.7x to 4.6x for the trailing 12 months ended December 31, 2011. The divestiture is expected to close in Mueller Water Products' third quarter ending June 30, 2012. BofA Merrill Lynch is acting as financial advisor to Mueller Water Products in connection with the transaction. Bryan Cave LLP is acting as Mueller Water Products' principal legal advisor for the transaction. Full Article
Mueller Water Products, Inc. Announces Quarterly Dividend
Mueller Water Products, Inc. announced that its Board of Directors declared a quarterly dividend of $0.0175 per share, payable February 20, 2012 to stockholders of record at the close of business on February 10, 2012. Full Article
Mueller Water Products, Inc. Announces Quarterly Dividend
Mueller Water Products, Inc. announced that its Board of Directors declared a quarterly dividend of $0.0175 per share, payable November 21, 2011 to stockholders of record at the close of business on November 10, 2011. Full Article
Mueller Water Products, Inc. Announces Quarterly Dividend
Mueller Water Products, Inc. announced that its Board of Directors declared a quarterly dividend of $0.0175 per share, payable August 22, 2011 to stockholders of record at the close of business on August 10, 2011. Full Article
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