Loading...
Loading...
Globe Specialty Metals, Inc.
today announced that its Board of Directors has authorized the
repurchase of up to $75 million of its common shares. The authorization is
valid through December 31, 2014. The share repurchases are expected to be made
through open market purchases, 10b5-1 programs, privately negotiated
transactions or otherwise as market conditions warrant, and at prices the
Company deems appropriate and subject to applicable legal requirements and
other factors.
About Globe Specialty Metals
Globe Specialty Metals, Inc. is among the world's largest producers of silicon
metal and silicon-based specialty alloys, critical ingredients in a host of
industrial and consumer products with growing markets. Customers include major
silicone chemical, aluminum and steel manufacturers, auto companies and their
suppliers, ductile iron foundries, manufacturers of photovoltaic solar cells
and computer chips, and concrete producers. The Company is headquartered in
New York City. For further information please visit our web site at
www.glbsm.com.
Forward Looking Statements
This release may contain ''forward-looking statements'' within the meaning of
the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by words such as ''anticipates,'' ''intends,''
''plans,'' ''seeks,'' ''believes,'' ''estimates,'' ''expects'' and similar
references to future periods, or by the inclusion of forecasts or projections.
Forward-looking statements are based on the current expectations and
assumptions of Globe Specialty Metals, Inc. (the "Company") regarding its
business, financial condition, the economy and other future conditions.
Because forward-looking statements relate to the future, by their nature, they
are subject to inherent uncertainties, risks and changes in circumstances that
are difficult to predict. The Company's actual results may differ materially
from those contemplated by the forward-looking statements. The Company
cautions you therefore that you should not rely on any of these
forward-looking statements as statements of historical fact or as guarantees
or assurances of future performance. Important factors that could cause actual
results to differ materially from those in the forward-looking statements
include regional, national or global political, economic, business,
competitive, market and regulatory conditions including, among others, changes
in metals prices; increases in the cost of raw materials or energy;
competition in the metals and foundry industries; environmental and regulatory
risks; ability to identify liabilities associated with acquired properties
prior to their acquisition; ability to manage price and operational risks
including industrial accidents and natural disasters; ability to manage
foreign operations; changes in technology; and ability to acquire or renew
permits and approvals.
Any forward-looking statement made by the Company or management in this
release speaks only as of the date on which it or they make it. Factors or
events that could cause the Company's actual results to differ may emerge from
time to time, and it is not possible for the Company to predict all of them.
The Company undertakes no obligation to publicly update any forward-looking
statement, whether as a result of new information, future developments or
otherwise, unless otherwise required to do so under the law or the rules of
the NASDAQ Global Market.
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in