Key Developments: PFB Corporation (PFBOF.PK)
5.22USD
23 May 2013
$-0.95 (-15.38%)
$6.17
$5.23
$5.23
$5.22
500
98
$6.80
$5.22
Latest Key Developments (Source: Significant Developments)
PFB Corp Announces Regular Quarterly Dividend
PFB Corp announced that Board of Directors has approved the payment of a regular quarterly dividend of $0.06 per common share plus a one-time special dividend of $1.00 per common share, for a total combined dividend of $1.06 per common share. The combined dividend will be paid on May 31, 2013 to shareholders of record on May 15, 2013. Full Article
PFB Corp Announces Regular Quarterly Dividend
PFB Corp announced that it has approved the payment of a regular quarterly dividend of $0.06 per common share. The dividend will be paid on February 28, 2013, to shareholders of record on February 14, 2013. Full Article
PFB Corp Announces Sale And Leaseback Of Its Canadian Real Estate
PFB Corp announced that it has agreed to sell all its Canadian real estate for the sum of $30,000,000 and agreed to enter into property leases for a term of twenty years. Proceeds to be received by PFB from the sale will be constituted as $15,000,000 in cash and $15,000,000 in trust units. The transaction is subject to the usual due diligence conditions by the purchaser for transactions of this nature. It is expected to close in February, 2013. Full Article
PFB Corp Declares Regular Quarterly Dividend
PFB Corp announced that the Board of Directors has approved the payment of a regular quarterly dividend of $0.06 per common share. The dividend will be paid on November 30, 2012, to shareholders of record on November 15, 2012. Full Article
PFB Corp Announces Regular Quarterly Dividend
PFB Corp announced that the Board of Directors has approved the payment of a regular quarterly dividend of $0.06 per common share. The dividend will be paid on August 31, 2012, to shareholders of record on August 15, 2012. Full Article
NOVA Chemicals Corp. Receives Letter Of Intent For Acquisition Of Performance Styrenics Business By PFB Corporation
NOVA Chemicals Corp. and PFB Corporation announced that they have signed a letter of intent for PFB, through its subsidiary PFB International Corporation, to acquire NOVA Chemicals’ Performance Styrenics business, including the expandable polystyrene and ARCEL resin products. NOVA Chemicals will acquire an equity stake in PFB and hold two seats on PFB’s Board of Directors following closing. In addition, at closing, Robert Snyder, Vice President, Performance Styrenics for NOVA Chemicals will join PFB as Chief Operating Officer, PFB International Corporation. NOVA Chemicals and PFB expect definitive agreements to be executed during the second quarter, and closing to occur during the second half of 2012. The acquisition is subject to the definitive agreement being entered into, regulatory approval, and other customary conditions, including NOVA Chemicals’ Board of Directors’ approval, and PFB’s Board of Director’s and shareholder approval. Financial terms were not mentioned. Full Article
PFB Corp Announces Regular Quarterly Dividend
PFB Corp announced that its Board of Directors has approved the payment of a regular quarterly dividend of $0.06 per common share. The dividend will be paid on May 31, 2012, to shareholders of record on May 15, 2012. Full Article
PFB Corp Announces Regular Quarterly Dividend
PFB Corp announced that the Board of Directors has approved the payment of a regular quarterly dividend of $0.06 per common share. The dividend will be paid on February 29, 2012, to shareholders of record on February 15, 2012. Full Article
PFB Corporation Declares Regular Quarterly Dividend
PFB Corporation announced that the Board of Directors has approved the payment of a regular quarterly dividend of $0.06 per common share. The dividend will be paid on November 30, 2011, to shareholders of record on November 15, 2011. Full Article
PFB Corporation Announces Normal Course Issuer Bid
PFB Corporation announced that it will be proceeding with a normal course issuer bid to purchase, through the facilities of the Toronto Stock Exchange, up to a maximum of 338,505 of its common shares, representing 5% of PFB Corporation's issued and outstanding common shares, which, as of August 22, 2011, was 6,770,103, subject to a daily maximum of 1,000 common shares. Purchases by PFB Corporation can commence on September 6, 2011 and will end no later than September 5, 2012. PFB Corporation will pay the market price for its common shares on the TSX at the time of acquisition and no purchases will be made other than by means of open market transactions during the period the normal course issuer bid is outstanding. As of August 22, 2011, PFB Corporation has purchased 15,300 Common Shares at an average weighted price of $5.74 per share under their current normal course issuer bid, which is set to end on September 2, 2011. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
