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Mining news: RELIANCE STEEL & ALUMINUMReliance Steel & Aluminum Co. 2008 Fourth Quarter Update(BUSINESS WIRE) — Reliance Steel & Aluminum Co. (RS: , , ) announced today that it is updating its outlook on current business conditions impacting its fourth quarter ending December 31, 2008. Reliance’s Chairman of the Board and Chief Executive Reliance Steel & Aluminum Q3 profit increases - Quick FactsReliance Steel & Aluminum Co. (RS: News ) reported its third quarter net income, including special items, of $152.5 million or $2.07 per share, compared to $93.6 million or $1.22 per share in the same quarter last year.Quarterly sales increased 42% to Reliance Steel & Aluminum gains on analyst noteOn Aug. 4 the Los Angeles-based company completed its $340 million acquisition of PNA Group Holding Corp., a steel service center company, and arranged financing for the deal. Reliance assumed $725 million of PNA’s debt. PNA buys steel and then processes Reliance Steel & Aluminum Co. Elects Not to Proceed with Its Proposed Common Stock OfferingIntraday data provided by Interactive Data Real Time Services, a division of Interactive Data Corp. and subject to terms of use. Historical and current end-of-day data provided by Interactive Data Pricing and Reference Data. More information on NASDAQ Reliance Steel & Aluminum To Offer 6.75 Million Common Shares(FinancialWire) Reliance Steel & Aluminum Co. (NYSE: RS) (Current Market Cap: US$4.84 Bil.) plans to offer 6.75 million shares of its common stock in a registered public offering. J.P. Morgan Securities (NYSE: JPM), UBS Investment Bank (NYSE: UBS) Reliance Steel & Aluminum Co. Announces the Receipt of the Requisite Consents in the Consent Solicitations for the PNA Group, Inc. 10.75% Senior Notes Due 2016 and the PNA Intermediate Holding Corporation Senior Floating Rate Toggle Notes Due 2013(BUSINESS WIRE) — Reliance Steel & Aluminum Co. (RS: , , ) announced today that it has received the requisite consents to amend the indentures governing the outstanding PNA Group, Inc. 10.75% Senior Notes due 2016 (the ‘Fixed Rate Notes’) and the Reliance Steel & Aluminum Co. Announces Cash Tender Offers and Related Consent Solicitations for the PNA Group, Inc. 10.75% Senior Notes Due 2016 and the PNA Intermediate Holding Corporation Senior Floating Rate Toggle Notes Due 2013(BUSINESS WIRE) — Reliance Steel & Aluminum Co. (RS: RS News, chart, profile, more Last: Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: , , ) announced today that it has commenced cash tender |
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