Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?


American Pacific Corp. (APFC) Jumps on Rumors of Potential Sale

By  +Follow October 4, 2013 7:17AM
Tickers Mentioned:

Shares for American Pacific Corp (APFC) , the small-cap specialty chemicals manufacturer, added nearly 10 percent in midday trading heading into the weekend, on news that the company was considering selling itself.

The $415 million market-cap company saw shares advance to a new 52-week high at just over $58 per share as anonymous sources indicated that a deal could be announced soon, and that the investment bank KeyBanc Capital Markets had been hired to advise the company on moving forward with a possible sale.

Like a good number of specialty chemicals companies, American Pacific’s business is comprised of a diverse juxtaposition of industries. The company develops chemicals used in pharmaceutical treatments for central nervous system disorders, anti-viral medications, and oncology, and is furthermore the only producer of sodium azide in the US.

The company also develops and produces ammonium perchlorate, an oxidizing agent used in rockets, motors, and missiles destined for space exploration as well as defense, and has smaller segments devoted to fire-retardant chemicals as well as water treatment equipment.

While the company, as well as KeyBanc, have so far been tight-lipped in terms of official statements, American Pacific is the best-performing stock in the specialty chemicals industry this year, having advanced an astonishing 244 percent so far in 2013. Over the past 12 months, this figure is even more impressive, at just shy of 350 percent.



[Image Courtesy of Wikimedia Commons]

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.

Liked What You Read? Join Equities.com as a contributor and get eyeballs on your content FOR FREE!

Results for APFC
Stock Rocket
5 Mar 15 11:34:48
We Just Released $STOA mid-day at .0011 as today's new pick! Check It Out: http://t.co/Ep8E49FeyA $YPF $APFC $TLF
By  +Follow October 4, 2013 7:17AM



blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.