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MHM Metals sells 3.7 mln shares held in KIN for $1.4 mln

Wednesday, 24 May 2017 07:59pm EDT

May 25 (Reuters) - MHM Metals Ltd :Partial sale of equity investment.Has sold 3.7 million shares held in KIN via on-market transactions for cash consideration of $1.4 million.

Arconic and Elliott reach resolution to end proxy contest

Monday, 22 May 2017 09:30am EDT

May 22 (Reuters) - Arconic Inc : :Arconic and Elliott reach resolution to end proxy contest.Arconic Inc says elliott will nominate Christopher L. Ayers, Elmer L. Doty and Patrice E. Merrin for election as directors at upcoming annual meeting.Arconic Inc - Elliott and company have agreed to withdraw their respective nominations of any other director candidates for election at annual meeting.Arconic Inc - one of Elliott's director nominees will be added to CEO search committee.Arconic Inc - one of Elliott's director nominees will be added to CEO search committee.Arconic Inc - company today announced that L. Rafael Reif, an Arconic director since 2015, has announced his resignation as a board member.Arconic Inc - Elliott will have opportunity to engage collaboratively with ceo search committee and meet with candidates as board manages search process.Says also announced that it will be working to reincorporate in Delaware by end of this year.Says search committee will consider a number of CEO candidates, including Larry Lawson.Arconic Inc - certificate of incorporation and bylaws of resulting Delaware Corp will provide for an annually elected board.Arconic Inc - also resulting Delaware Corp will contain no provisions requiring a supermajority shareholder vote.Arconic Inc - board has appointed James "Jim" F. Albaugh, to fill vacancy on board after resignation of REIF.

Press Metal posts qtrly net profit 148 million RGT

Thursday, 18 May 2017 05:55am EDT

May 18 (Reuters) - Press Metal Bhd :Qtrly revenue 2.02 billion rgt; qtrly net profit 148 million rgt.Year-Ago qtrly revenue 1.29 billion rgt; year-ago qtrly net profit 94.6 million rgt.

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