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Last $33.86 USD
Change Today +0.19 / 0.56%
Volume 687.3K
OMG On Other Exchanges
Symbol
Exchange
New York
As of 4:02 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

om group inc (OMG) Snapshot

Open
$33.74
Previous Close
$33.67
Day High
$33.97
Day Low
$33.57
52 Week High
07/9/15 - $35.00
52 Week Low
10/15/14 - $21.87
Market Cap
1.0B
Average Volume 10 Days
471.6K
EPS TTM
$-1.68
Shares Outstanding
31.0M
EX-Date
02/19/15
P/E TM
--
Dividend
$0.33
Dividend Yield
0.69%
Current Stock Chart for OM GROUP INC (OMG)

om group inc (OMG) Related Businessweek News

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om group inc (OMG) Details

OM Group, Inc. operates as a technology-driven industrial company worldwide. It operates through Magnetic Technologies, Battery Technologies, and Specialty Chemicals segments. The Magnetic Technologies segment develops, manufactures, and distributes industrial-use magnetic materials, and related products and systems. This segment provides a range of magnetic technology products, from magnetically soft products to permanent magnets for sale to end markets, such as automotive systems, electrical installation technology, energy conversion and distribution, industrial, retail, and renewable energy markets. The Specialty Chemicals segment develops, produces, and supplies chemicals for electronic applications, as well as for industrial applications, including coatings, composites, and tires; and photo masks to produce semiconductors and related products. The Battery Technologies segment offers batteries, battery management systems, and battery-related research and energetic devices for defense, space, medical, and commercial markets. It serves the mobile energy storage, renewable energy, automotive systems, construction and mining, and industrial end markets. OM Group, Inc. was founded in 1991 and is headquartered in Cleveland, Ohio.

6,200 Employees
Last Reported Date: 03/2/15
Founded in 1991

om group inc (OMG) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $973.5K
President and Chief Operating Officer
Total Annual Compensation: $500.0K
Chief Financial Officer and Vice President
Total Annual Compensation: $440.8K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $394.9K
Vice President of Human Resources
Total Annual Compensation: $324.5K
Compensation as of Fiscal Year 2014.

om group inc (OMG) Key Developments

OM Group Announces Expiration of the "Go Shop" Period

OM Group Inc. (NYSE:OMG) reported the expiration of the 35-day "go shop" period pursuant to the terms of the agreement with funds managed by affiliates of Apollo Global Management, LLC (NYSE:APO) and Platform Specialty Products Corporation (NYSE:PAH). During the "go shop" period, OM Group engaged in an active and extensive solicitation of 49 potentially interested parties which resulted in five parties engaging in informal discussions and three parties negotiating and entering into confidentiality agreements. Prior to the expiration of the "go-shop" period, OM Group's Board of Directors received a written "company takeover proposal." After consulting with its financial advisors and legal counsel, OM Group's Board of Directors determined that the party submitting the proposal is an "excluded party" under the Merger Agreement and OM Group may continue to negotiate following the end of the "go-shop" period. OM Group's Board of Directors continues to recommend that the OM Group's shareholders adopt the merger agreement.

OM Group, Inc. Announces Board Changes

David A. Lorber resigned from the board of directors of OM Group Inc. on June 3, 2015. Pursuant to the settlement agreement dated March 23, 2015, by and among the company and Steven A. Loukas, David A. Lorber, Zachary R. George, Allen A. Spizzo, FrontFour Capital Group, LLC and various affiliated entities (collectively, FrontFour), FrontFour has the right to nominate to the nominating and corporate governance committee of the board a replacement director to serve Mr. Lorber's term. On June 1, 2015, pursuant to the Settlement Agreement, the board of directors of the company appointed Allen A. Spizzo to the Board. Mr. Spizzo will serve with the class of directors that stands for re-election in 2016 and was appointed to the compensation committee of the board of directors.

OM Group Inc. Amends Bylaws

OM Group Inc. announced that the board of directors of the company amended and restated the company's amended and restated bylaws to adopt a new Section 6 to Article IX, which was effective immediately upon approval. The bylaws were amended to provide that, unless the company consents in writing to the selection of an alternative forum, the sole and exclusive forum for (i) any derivative action or proceeding brought on behalf of the Company, (ii) any action asserting a claim of breach of a fiduciary duty owed by any director, officer or other employee of the company to the company or the company's stockholders, (iii) any action asserting a claim arising pursuant to any provision of the General Corporation Law of the State of Delaware, the Restated Certificate of Incorporation or the bylaws, or (iv) any action asserting a claim governed by the internal affairs doctrine shall be the Court of Chancery of the State of Delaware, in all cases subject to the court's having personal jurisdiction over the indispensable parties named as defendants.

 

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Industry Analysis

OMG

Industry Average

Valuation OMG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.0x
Price/Book 1.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.9x
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