Steel Stocks, ETFs Trade Higher: SLX, PSTL, XME Tuesday, November 2, 11:14 AM ET, by Market News Video Staff Steel stocks are trading higher today, perhaps on reports of the weekly Steel Index showing ...
Daily Dividend Report: O, L, NWL, ADP, TKR Wednesday, November 10, 12:42 PM ET, by Market News Video Staff After the bell on Tuesday, the Realty Income Corporation (O) declared its monthly dividend of ...
By Market News Video Staff, Wednesday, November 17, 11:49 AM ET
Allegheny Technologies (NYSE:ATI) said today it has agreed to acquire Ladish (LDSH) for $778 million. Ladish shareholders will receive $24 per share in cash, and 0.4556 shares of Allegheny stock. Allegheny said the acquisition better positions it to capitalize on secular growth trends in key markets.
Ladish shares are trading hgher by 56% today, while Allegheny shares are trading lower by just 0.5%.
Allegheny is the sixth-largest holding in the Steel ETF (AMEX:SLX), at 4.66% of the fund. UK-listed Rio Tinto is the top holding, at 12.38%, followed by Vale (NYSE:VALE) at 11.81% of the portfolio. Arcelor Mittal (NYSE:MT), Posco (NYSE:PKX), and Timken (NYSE:TKR) are also ahead of Allegheny in the holdings.
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
This Article's Word Cloud:AMEXAlleghenyCHANNELINVESTMENTInvestmentLadishNYSEPORTFOLIOPortfolioPoscoSteelValeacquisitionagreedaheadallowsalsoassetbondscashclassescompletecompletelycountriesdesignedfollowedgrowthholdingjustlargestleadslistedmillionperformanceportfolioprogramsaidsecularshareshareholderssharesshortsixthstockstermstheretodaytradingtrendswhile
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