Aleris reports one-time losses.Aleris International, Beachwood, Ohio Beachwood is a city in Cuyahoga County, Ohio, United States. It is a suburb of Cleveland. The population was 12,186 at the 2000 census. Geography Beachwood is located at (41.482226, -81.504001)GR1. , has reported third quarter 2006 results that include "unfavorable special items" totaling more than $100 million. The company's third quarter net loss was $24.2 million, compared with reported net income of $31.5 million for the same quarter last year. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a press release issued by the consumer of aluminum and zinc scrap, "Unfavorable special items recorded during the quarter aggregated $104 million and included $24.3 million of unrealized losses Unrealized Loss A loss that results from holding onto an asset rather than cashing it in and officially taking the loss. Notes: Let's say you own a stock that is down 50%, but you haven't sold it to realize the loss yet. This is said to be an unrealized loss. on derivatives, $53.7 million of charges related to refinancing debt for the acquisition [Corus Aluminum], $33.2 million of charges for the non-cash impact of recording Corus assets at fair value and $2.6 million of restructuring and other charges." The results may be among the last to be reported to be spoken of; to be mentioned, whether favorably or unfavorably. See also: Report by the firm, which in August entered into a definitive merger agreement through which privately held Texas Pacific Group will acquire Aleris for approximately $1.7 billion. According to the Aleris news release, "The transaction continues on track as all regulatory requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. have been met. Closing of the transaction is expected at the end of 2006 or early in 2007." Aleris itself resulted from the December 2004 merger of Imco Recycling Inc. and Commonwealth Industries Inc. |
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