Chaparral hangs out the for sale sign.Chaparral Steel Co., based in Midlothian, Texas Parameter not given Error... ''Template needs its first parameter as beg[in], mid[dle], or end. Parameter not given Error... , has announced that its board of directors has retained the investment house of Goldman, Sachs & Co. and has begun a review of possible strategic alternatives. Through this process, the company will be able to assess a number of other possibilities, including a possible strategic partnership, merger, acquisitions or a recapitalization Recapitalization Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable. Notes: Companies often want to diversify their debt-to-equity ratio to improve liquidity. . Despite the move, Chaparral says there is no guarantee that the company will pursue any of the transactions that could result. "The company will only pursue transactions that reflect the full value of this great company," says Tommy Valenta, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "To capture that value, all strategic alternatives will be considered." Chaparral is the second largest producer of structural steel beams in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and supplies steel bars as well as recycling services. |
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