Water Stocks Investor Alert: Mueller Water Products (NYSE:MWA) Closes up 21% on News
March 9, 2012 - www.investorideas.com, a leader in sector research including water stocks issues a news and trading alert for Mueller Water Products, Inc. (NYSE:MWA). The stock closed up at $3.45, up 0.60 or 21.0% on volume of 6,242,190 shares, making it a top percentage gainer on the NYSE for Thurs
March 9, 2012 - www.investorideas.com, a leader in sector research including water stocks issues a news and trading alert for Mueller Water Products, Inc. (NYSE:MWA). The stock closed up at $3.45, up 0.60 or 21.0% on volume of 6,242,190 shares, making it a top percentage gainer on the NYSE for Thursday's session.
More Headlines
- Ginlong Solis and LG Chem Partner to Offer Solar-Plus-Storage Solutions for Homeowners
- AWEA Praises Senator Warren's "Blue New Deal"
- Sunverge Announces Support of Ecobee, Honeywell and Owon Smart Thermostats
- The SMA America Energy Storage System Is Among First Residential Systems Approved by the California Energy Commission
- New Balancing Mechanism entrants expected
The Company reported Thursday it signed a purchase agreement to divest United States Pipe and Foundry Company, LLC and Fast Fabricators, LLC (together "U.S. Pipe") to an affiliate of Wynnchurch Capital, Ltd. a Chicago-based private equity firm with offices in Dallas, Detroit and Toronto, the Company announced today. Partnering with Wynnchurch in the transaction is the Comvest Group, a leading private investment firm focused on providing equity and debt capital to lower middle-market companies.
"The divestiture of U.S. Pipe enables us to focus on our higher-margin businesses and newer technology initiatives," said Gregory E. Hyland, Chairman, President and Chief Executive Officer of Mueller Water Products. "We believe that with this enhanced focus, the true potential of these initiatives will become more apparent to both our customers and stockholders. The ductile iron pipe business has been volatile, which has negatively impacted our financial performance and, we believe, masked the true value of our overall business. We have a solid platform for growth, and we believe the financial flexibility generated from the sale of U.S. Pipe, coupled with our strategic vision, will increase our ability to more profitably grow our business."
Chart forMueller Water Products, Inc. (MWA)
More Info:
Linkedin.com: Water Stocks - Social network for investors following water stocks
http://www.linkedin.com/e/ez47wj-gp5ofknw-5j/vgh/3966202/
Linkedin.com Energy Stocks- Social network for investors following energy stocks
http://www.linkedin.com/groups/Energy-stocks-News-Social-Network-3799535?trk=myg_ugrp_ovr
Research water stocks with the water stocks directory:
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Sign up for free investor newsletters and stock alerts at Investor Ideas
http://www.investorideas.com/Resources/Newsletter.asp
Featured Product
HPS EnduraCoilTM Cast Resin Medium Voltage Transformer
HPS EnduraCoil is a high-performance cast resin transformer designed for many demanding and diverse applications while minimizing both installation and maintenance costs. Coils are formed with mineral-filled epoxy, reinforced with fiberglass and cast to provide complete void-free resin impregnation throughout the entire insulation system. HPS EnduraCoil complies with the new NRCan 2019 and DOE 2016 efficiency regulations and is approved by both UL and CSA standards. It is also seismic qualified per IBC 2012/ASCE 7-10/CBC 2013. Cast resin transformers are self-extinguishing in the unlikely event of fire, environmentally friendly and offer greater resistance to short circuits. HPS also offers wide range of accessories for transformer protection and monitoring requirements.
