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
- Narada's Center L Ultra 6.25MWh Liquid-Cooled Energy Storage System Ready for Global Delivery
- ASIA Sustainable Energy Week 2025 - Kseng Solar Showcases Full Range of Solar Racking Solutions for Thailand and Southeast Asia
- How Smart DC Meters Enable Reliable Ultra-Fast Charging
- Natural Power supports Network Rail's landmark Bloy's Grove solar project
- The Uses of Ultra High Purity Gas Valves and Gas Cabinets in Photovoltaic and Solar Panel Manufacturing
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
Vecoplan - Planning and implementation of complete processing plants in refuse derived fuel production
In order to reduce the costs involved in the energy-intensive production of cement, many manufacturers are turning to refuse-derived fuels (RDF), considerably reducing the proportion of expensive primary fuels they would normally use. Solid fuels are being increasingly used - these might be used tyres, waste wood or mixtures of plastics, paper, composite materials and textiles. Vecoplan provides operators of cement plants with proven and robust components for conveying the material and separating iron and impurities, efficient receiving stations, storage systems and, of course, efficient shredders for an output in various qualities.
