latest news releases from the newsroom
Mechel Announces Closing of a Deal to Acquire Coking Coal Assets of Bluestone Coal Corp.
MOSCOW, May 8, 2009 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, today announced that its subsidiaries have closed the acquisition, which was reported on April 22 2009, of U.S. entities Bluestone Industries, Inc., a West Virginia corporation, Dynamic Energy, Inc., a West Virginia corporation, JCJ Coal Group, LLC, a Delaware limited liability company and some of its West Virginia affiliates (together "Bluestone"), privately-held West Virginia-based coal businesses engaged in the mining, processing and sale of premium quality hard coking coal. The aggregate merger consideration is $436 million paid in cash (including $36 million interest paid), approximately 83.3 million preferred shares, plus the assumption of approximately $132 million of net debt. Other business activities conducted by the owners of Bluestone Coal Corp., including steam coal operations in Kentucky and other non-coal operations, were not included in the transaction.
Kforce Clinical Research Wins Pfizer Development Operations Strategic Supplier Excellence Award
TAMPA, Fla., May 8, 2009 (GLOBE NEWSWIRE) -- Kforce Clinical Research Inc., a provider of clinical trial resourcing solutions and a division of Kforce Inc. (Nasdaq:KFRC), has won the 2008 Pfizer Development Operations' "Strategic Supplier Excellence Award." The annual award recognizes functional service providers that have demonstrated consistent performance in the areas of quality, service delivery and reliability, innovation and business processes and customer service.