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A O Smith Corp V.AOS


Primary Symbol: AOS

A. O. Smith Corporation applies technologies and solutions to products manufactured and marketed worldwide. The Company operates through two segments: North America and Rest of World. Both the segments manufacture and market a comprehensive line of residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products. Its Rest of World segment is primarily comprised of China, Europe, and India. The North America segment serves residential and commercial end markets with a range of products, including water heaters, boilers, water treatment products, and other. The Company also manufactures expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, related products and parts. Its Lochinvar brand is a residential and commercial boiler brand in the United States. Its water softener branded products and problem well water solutions include the Hague, Impact Water, Water-Right, Master Water, Atlantic Filter and Water Tec brands.


NYSE:AOS - Post by User

Bullboard Posts
Post by Saskatoonboyon May 07, 2009 9:19pm
634 Views
Post# 15976659

New development!!!!

New development!!!!Just found out that there is a tentative (not in stone, but almost) deal with a large fund company and AOS.  Apparently AOS had to secure the access rights to the Clearwater property and have support from the both the town of Fort Mac and the airport authority before this deal could progress.  The deal is progressing and finalized details will be coming out in the next week or so.  Highlights of the deal are as follows: Fund company would pay AOS cash money of 45-50 million dollars for a working partnership of between 40 and 50 % on the Clearwater project.  I don't know anything else about the deal other than what I have stated.  Holy shi* this is going to be good news if this comes to fruision.  Nothing is for sure until you see a official announcement.  AOS was in Toronto on Weds., Boston today and back in Toronto Friday, discussing the working partnership with interested parties.  Apparently three fund companies have come forward and are vying for the partnership.  Ryder report coming out shorty, announcement on new drilling plan with Arcan for May and June, possible announcement on new member to corporate team.  There is alot of news to come out.  Once management is back in Calgary next week they will be working on releasing news as they complete the official announcements properly.  Oil price strengthening, natural gas rising well today.  All we need is a good day overall on the stock market and RBC to f*** o** with their selling and we will be going up.
Bullboard Posts