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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

Comment by checkingfacts66on Mar 18, 2014 4:34pm
151 Views
Post# 22337839

RE:RE:RE:RE:AOS to get replacement property too ?

RE:RE:RE:RE:AOS to get replacement property too ?I don't think the AB government is going to approve the amount submitted by AOS.  The old management had excessive costs.  These form part of that $56 million claim.  How can AOS justify a claim for costs that were the basis of ousting the old team?  If they were so much that shareholders revolted and ousted the management that created them, how can they be reasonable for a compensation claim submitted to the government?

There is a sense of entitlement here.  The AB Government never approved exploration.  All AOS ever had was a right to explore.  They always needed approvals.  They paid for the leases.  That number is clear.  What is not clear is how much more the government will return.
 
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