Key Developments For ICO, Inc.
ICO, Inc. (ICOC.O) (Nasdaq)
ICO Inc. Announces Agreement With Micro Pellets Australia Pty. Ltd.
ICO Inc. announced an agreement, subject to closing conditions, to acquire certain intangible assets (primarily customer lists and formulations) and assume a production facility lease of Micro Pellets Australia Pty. Ltd. The Company will also enter into a lease for certain of Micro Pellets' production equipment. The transaction is expected to close by September 30, 2009. The Company plans to relocate its main Australian plant and operations to the leased production facilities. Terms of the deal were not disclosed.
ICO Inc. Comments On Q2 2008 Outlook
ICO Inc. announced that it expects the second quarter 2008 year-over-year revenue and operating income growth. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $125.02 million and EBIT of $10.88 million for the same period.
ICO Inc. Announces Appointment Of Chief Financial Officer -Form 8-K
ICO Inc. announced in its Form 8-K that, Bradley T. Leuschner, who currently serves as the Company’s Chief Accounting Officer will be appointed as Chief Financial Officer and Treasurer.
ICO Inc. Announces Payment Of Preferred Stock Dividends
ICO Inc. announced that it has declared all cumulative dividends in arrears on its Depositary Shares, in the amount of $6.33 per Depositary Share, also payable to shareholders of record as of the September 21, 2007 record date.
ICO Inc. Announces Dividend Declaration
ICO Inc. announced that it has declared a dividend on its depositary shares, each representing one-fourth of a share of its $6.75 convertible exchangeable preferred stock, of $.42 per depositary share payable to shareholders of record on June 22, 2007.
