Methanex buying OCI Global's international methanol business in $2.05-billion deal [Globe and Mail, The (Toronto, Canada)]
Methanex Corporation (MEOH)
Last methanex corporation earnings: 1/29 05:01 pm
Check Earnings Report
US:NASDAQ Investor Relations:
methanex.com/investor-relations
Company Research
Source: Globe and Mail, The
Methanex shares and assuming OCI's US$450-million in debt and leases. Handout ./Reuters Listen to this article Log in or create a free account to listen to this article. Methanex Corp. MX-T decrease of Vancouver is buying Amsterdam-based OCI Global's international methanol business in a US$2.05-billion deal that expands the Canadian-based company's U.S. presence. In its purchase of assets, Methanex will be paying US$1.15-billion in cash, issuing US$450-million in Methanex shares and assuming OCI's US$450-million in debt and leases. OCI will end up owning a 13-per-cent stake in Methanex, subject to the deal receiving approval from regulators. “We are pleased with the opportunity to achieve a significant ownership position and are highly confident in Methanex's ability to create enduring value for shareholders,” OCI executive chairman Nassef Sawiris said in a statement. The deal came after OCI launched a strategic review in the spring of 2023 of its methanol assets, said
Show less
Read more
Impact Snapshot
Event Time:
MEOH
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MEOH alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MEOH alerts
High impacting Methanex Corporation news events
Weekly update
A roundup of the hottest topics
MEOH
News
- Methanex Co. (NASDAQ: MEOH) had its price target lowered by analysts at UBS Group AG from $58.00 to $54.00. They now have a "buy" rating on the stock.MarketBeat
- Methanex Co. (NASDAQ: MEOH) had its price target lowered by analysts at Raymond James from $62.00 to $54.00. They now have an "outperform" rating on the stock.MarketBeat
- Methanex: Becoming A Methanol Giant [Seeking Alpha]Seeking Alpha
- Methanex Co. (NASDAQ: MEOH) had its price target raised by analysts at Piper Sandler from $51.00 to $68.00. They now have an "overweight" rating on the stock.MarketBeat
- Methanex Co. (NASDAQ: MEOH) was downgraded by analysts at Barclays PLC from an "overweight" rating to an "equal weight" rating. They now have a $44.00 price target on the stock, down previously from $56.00.MarketBeat
MEOH
Earnings
- 7/30/24 - Beat
MEOH
Sec Filings
- 9/9/24 - Form 6-K
- 8/26/24 - Form 6-K
- 8/13/24 - Form 6-K
- MEOH's page on the SEC website