reports
Accuride Corporation Announces Completion of Acquisition by Crestview ...
EVANSVILLE, Ind.--(BUSINESS WIRE)-- Accuride Corporation (NYSE:ACW) (“Accuride” or the “Company”) – a leading supplier of components to the North American and European commercial vehicle industries – today announced the completion of its acquisition by funds managed by Crestview Partners (“Crestview”), a leading New York based private equity firm, pursuant to the merger agreement it announced on September 2, 2016. Accuride’s shareholders adopted the merger agreement at the Company’s Special Meeting of Shareholders held on November 15,...
Accuride Corporation Announces Expiration and Results of Cash Tender O...
EVANSVILLE, Ind.--(BUSINESS WIRE)-- Accuride Corporation (“Accuride” or the “Company”) (NYSE: ACW) – a leading supplier of components to the North American and European commercial vehicle industries – today announced the expiration and results of its previously announced cash tender offer (the “Tender Offer”) for any and all of its outstanding $310.0 million aggregate principal amount of 9.5% First Priority Senior Secured Notes due 2018 (the “Notes”). The Tender Offer expired at 12:00 Midnight, New York City time, at the end of the da...
Accuride Shareholders Approve Transaction with Crestview
EVANSVILLE, Ind.--(BUSINESS WIRE)-- Accuride Corporation (NYSE:ACW) (“Accuride” or the “Company”) – a leading supplier of components to the North American and European commercial vehicle industries – today announced that, based on the votes cast at the Company’s Special Meeting of Shareholders held earlier today, Accuride’s shareholders voted to approve the proposed transaction with Crestview Partners (“Crestview”). Under the terms of the Merger Agreement with Crestview Partners, except as otherwise provided, Accuride shareho...
Ford Equity US Rating and Forecast Report
Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.
Accuride Corporation Sends Letter to Shareholders and Recommends a Vot...
EVANSVILLE, Ind.--(BUSINESS WIRE)-- Accuride Corporation (NYSE:ACW) (“Accuride” or the “Company”) – a leading supplier of components to the North American and European commercial vehicle industries – today announced that it is mailing a letter to shareholders in connection with the Company’s Special Meeting of Shareholders regarding the proposed transaction for Accuride to be acquired by affiliates of Crestview Partners (“Crestview”). Accuride’s Board of Directors urges the Company’s shareholders to vote FOR Crestview’s value...
Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend...
EVANSVILLE, Ind.--(BUSINESS WIRE)-- Accuride Corporation (NYSE:ACW) (“Accuride” or the “Company”) – a leading supplier of components to the North American and European commercial vehicle industries – today announced that Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”), leading independent proxy advisory firms, have recommended that Accuride shareholders vote “FOR” the proposed transaction for Accuride to be acquired by affiliates of Crestview Partners (“Crestview”) at Accuride’s Special Meeting of Shar...
Accuride Corporation Announces Early Results of Tender Offer and Conse...
EVANSVILLE, Ind.--(BUSINESS WIRE)-- Accuride Corporation (“Accuride” or the “Company”) (NYSE:ACW) – a leading supplier of components to the North American and European commercial vehicle industries – today announced that, in connection with its previously announced cash tender offer (the “Tender Offer”) for any and all of its outstanding $310.0 million aggregate principal amount of 9.5% First Priority Senior Secured Notes due 2018 (the “Notes”) and consent solicitation to amend the indenture under which the Notes were issued (the “Con...
Accuride Reports Third Quarter 2016 Results
EVANSVILLE, Ind.--(BUSINESS WIRE)-- Accuride Corporation (NYSE:ACW) (“Accuride” or the “Company”) – a leading supplier of components to the North American and European commercial vehicle industries – today reported financial results for the third quarter ended September 30, 2016. Third Quarter 2016 Results Third quarter 2016 net sales were $125.2 million, which represented a decrease of $20.5 million, or 14.0 percent, compared with net sales of $145.7 million for the third quarter of 2015. The decrease was driven by ...
Accuride Sends Letter to Shareholders and Recommends a Vote “FOR†...
EVANSVILLE, Ind.--(BUSINESS WIRE)-- Accuride Corporation (NYSE:ACW) (“Accuride” or the “Company”) – a leading supplier of components to the North American and European commercial vehicle industries – today announced that it is mailing a letter to shareholders in connection with the Company’s Special Meeting of Shareholders regarding the proposed transaction for Accuride to be acquired by affiliates of Crestview Partners (“Crestview”). Accuride’s Board of Directors serves the interest of ALL shareholders and urges the Company’...
Accuride Corporation Files Investor Presentation
EVANSVILLE, Ind.--(BUSINESS WIRE)-- Accuride Corporation (NYSE:ACW) (“Accuride” or the “Company”) – a leading supplier of components to the North American and European commercial vehicle industries – today announced that it has filed an investor presentation in connection with the Company’s Special Meeting of Shareholders (the “Special Meeting”). This presentation highlights a number of important facts pertaining to the previously announced definitive agreement for Accuride to be acquired by affiliates of Crestview Partners (“Crestvie...
Accuride Mails Letter to Shareholders Highlighting the Significant Ben...
EVANSVILLE, Ind.--(BUSINESS WIRE)-- Accuride Corporation (NYSE:ACW) (“Accuride” or the “Company”) – a leading supplier of components to the North American and European commercial vehicle industries – today announced that it is mailing a letter to shareholders in connection with the Company’s Special Meeting of Shareholders regarding the proposed transaction to be acquired by affiliates of Crestview Partners (“Crestview”). In the Company’s letter, Accuride highlights that: Crestview’s $2.58 per share cash off...
Coliseum Capital Management Urges Accuride Stockholders to Vote agains...
STAMFORD, Conn.--(BUSINESS WIRE)-- Coliseum Capital Management (“Coliseum”), the largest stockholder of Accuride Corporation (NYSE:ACW), with an ownership of approximately 19% of Accuride’s outstanding shares, today announced that it has issued an open letter to Accuride stockholders urging them to take no action in response to Accuride’s proxy materials related to a vote on the merger proposed by Crestview Partners. Coliseum has filed its own proxy materials with the Securities and Exchange Commission and will soon be sendin...
Accuride Corporation Announces Commencement of Tender Offer and Consen...
EVANSVILLE, Ind.--(BUSINESS WIRE)-- Accuride Corporation (“Accuride” or the “Company”) (NYSE: ACW) – a leading supplier of components to the North American and European commercial vehicle industries – today announced that it has commenced a cash tender offer (the “Tender Offer”) for any and all its outstanding $310.0 million aggregate principal amount of 9.5% First Priority Senior Secured Notes due 2018 (the “Notes”). In connection with the Tender Offer, Accuride is also soliciting consents (the “Consents”) from the holders of the Not...
Accuride Files Definitive Proxy Materials and Mails Letter to Sharehol...
EVANSVILLE, Ind.--(BUSINESS WIRE)-- Accuride Corporation (NYSE:ACW) (“Accuride” or the “Company”) – a leading supplier of components to the North American and European commercial vehicle industries – today announced that it has filed its definitive proxy materials with the U.S. Securities and Exchange Commission in connection with the Company’s Special Meeting of Shareholders (the “Special Meeting”) to vote on the transaction with affiliates of Crestview Partners (“Crestview”). The Special Meeting is scheduled for November 15...
Accuride Corporation Announces Preliminary Third Quarter 2016 Results
EVANSVILLE, Ind.--(BUSINESS WIRE)-- Accuride Corporation (NYSE:ACW) (“Accuride” or the “Company”) – a leading supplier of components to the North American and European commercial vehicle industries – today issued preliminary results for the third quarter ended September 30, 2016, and revised its full-year 2016 Revenue, Adjusted EBITDA and Free Cash Flow guidance. The preliminary results and revised 2016 guidance exclude the results of the recently divested Brillion Iron Works business. Commenting on Accuride’s preliminary thi...
Accuride Announces Expiration of “Go Shop†Period Under Merger Agr...
EVANSVILLE, Ind.--(BUSINESS WIRE)-- Accuride Corporation (NYSE:ACW) (“Accuride”) – a leading supplier of components to the North American and European commercial vehicle industries – today announced the expiration of the 35-day “go shop” period included in the previously announced merger agreement under which Accuride will be acquired by an affiliate of Crestview Partners for $2.58 per share in cash (the “Transaction”). Under the terms of the merger agreement, Accuride and its representatives were permitted to solicit and eng...
Coliseum Capital Management Sends Letter to Board of Directors of Accu...
STAMFORD, Conn.--(BUSINESS WIRE)-- Coliseum Capital Management, the largest shareholder of Accuride Corporation (NYSE:ACW) with an ownership of approximately 19% of the outstanding stock, today announced that it has sent a letter to the Accuride Board of Directors stating its strong opposition to Accuride’s agreement to be acquired by funds managed by Crestview Partners for $2.58 per share. The full text of the letter can be found below. October 7, 2016 Board of DirectorsAccuride Corporation7140 Offic...
Gianetti Ruote Introduces Lightweight Steel Wheel at IAA 2016
HANNOVER, Germany--(BUSINESS WIRE)-- Accuride Corporation (NYSE: ACW) – a leading supplier of components to the European and North American commercial vehicle industries – today introduced a new lightweight steel wheel from Gianetti Ruote for Europe’s commercial vehicle industry. Weighing just 34 kilograms, the new wheel for truck and trailer applications will be available to customers in the first quarter of 2017. Its new design incorporates improved mechanical properties and corrosion resistance of new high-strength low-alloy steel....
Accuride et Gianetti Ruote présentent leurs solutions en matière de ...
EVANSVILLE, Ind.--(BUSINESS WIRE)-- La société Accuride Corporation (NYSE: ACW), fournisseur majeur de composants destinés aux industries européennes et nord-américaines des véhicules commerciaux, a annoncé aujourd’hui qu’elle mettra en exposition une série de roues en aluminium d’Accuride et de roues en acier de Gianetti Ruote, destinées à l’industrie européenne des véhicules commerciaux, à l’occasion du Salon international de l’automobile (Internationale Automobil-Ausstellung, IAA) 2016, qui se tiendra à Hanovre, en Allemagne, du 22...
Accuride and Gianetti Ruote Exhibit European Wheel Solutions at IAA 20...
EVANSVILLE, Ind.--(BUSINESS WIRE)-- Accuride Corporation (NYSE: ACW) – a leading supplier of components to the European and North American commercial vehicle industries – today announced that it will exhibit a range of Accuride aluminum wheels and Gianetti Ruote steel wheels for Europe’s commercial vehicle industry during IAA 2016 in Hannover, Germany, 22-29 September. This is Accuride’s initial participation in IAA, now in its 66th edition as the world’s leading International Trade Fair for Mobility, Transportation and Logistics. ...
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