Key Developments For Schnitzer Steel Industries Inc
Schnitzer Steel Industries Inc (SCHN.O) (Nasdaq)
Schnitzer Steel Industries, Inc. Declares Quarterly Dividend
Schnitzer Steel Industries, Inc. announced that its Board of Directors declared a cash dividend of $0.017 per common share, payable on November 30, 2009, to shareholders of record on November 16, 2009.
Schnitzer Steel Industries, Inc. Announces To Acquire From LKQ Corporation Assets Of Six Self-Service Used Auto Parts Facilities And To Sell To LKQ Its Full-Service Used Auto Parts Operation
Schnitzer Steel Industries, Inc. announced it has completed a transaction to acquire from LKQ Corporation the assets of six self-service used auto parts facilities and to sell to LKQ its full-service used auto parts operation. In addition, Schnitzer is receiving an undisclosed amount of cash. In addition, Schnitzer is receiving an undisclosed amount of cash. Four of the self-service operations to be acquired are located near the company`s Metals Recycling Business export facility in Portland, OR, with a closing effective October 2, 2009. These four stores will represent the company`s first used auto parts operations in the Pacific Northwest. The additional two facilities, the purchase of which will be effective January 15, 2010, will bring to four the number of self-service stores the company operates in the Dallas-Fort Worth Metroplex. All of the acquired operations will operate under the company`s Pick-n-Pull brand. Greenleaf Auto Recyclers, LLC, the full-service operation sold, operates 17 full-service parts stores in nine states. The sale of Greenleaf is also effective as of October 2, 2009. At the completion of the transactions, Schnitzer`s Auto Parts Group will operate 45 self-service stores in 14 states and Western Canada. Terms of the transactions were not disclosed.
Schnitzer Steel Industries, Inc. Declares Quarterly Dividend
Schnitzer Steel Industries, Inc. announced that it has declared a cash dividend of $0.017 per common share, payable on August 31, 2009, to shareholders of record on August 17, 2009.
Schnitzer Steel Industries, Inc. Declares Quarterly Dividend
Schnitzer Steel Industries, Inc. announced that it has declared a cash dividend of $0.017 per common share, payable on June 1, 2009, to shareholders of record on May 18, 2009.
Schnitzer Steel Industries, Inc. Cuts 13% Of Work Force; Announces Production Cut
Schnitzer Steel Industries, Inc. announced that it will cut about 500 jobs, or 13% of its full time work force, and 350 contractors. The Company also announced that the Company cut back production to match the lower demand.
