Quanex denies Nichols unit to go back on sales block

Dec 08, 2006 | 03:09 PM | Sam Kusic

Quanex Corp., Houston, denies that it will be shopping for a buyer for its Nichols Aluminum Corp. aluminum sheet business sometime during the coming year.

The breakout of Nichols Aluminum financial results in Quanex's fourth-quarter earnings statement could be a signal that it is thinking about selling the business, KeyBanc Capital Markets analyst Mark Parr said in a research note.....

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