DALLAS, April 5, 2010 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring North American Galvanizing & Coatings Inc. (Nasdaq:NGA). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: http://www.stockpreacher.com/n/NGA
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North American Galvanizing & Coatings Inc. (NGA), through its wholly owned subsidiary, North American Galvanizing Company, engages in hot dip galvanizing and coatings for corrosion protection of fabricated steel products in the United States. NGA galvanizes iron and steel products by immersing them in molten zinc. Additional coating services provided by NGA include sandblasting, quenching, metalizing (flame sprayed), centrifuge spinner galvanizing, Corrocote Classic II painting and INFRASHIELD Coating. As of December 31, 2009, NGA operated 11 galvanizing plants in eight states. Its galvanizing plants are located in Tulsa, Oklahoma (two plants); Kansas City, Missouri; St. Louis, Missouri; Nashville, Tennessee; Louisville, Kentucky; Denver, Colorado; Canton, Ohio; Hurst, Texas; Houston, Texas and Benwood, West Virginia.
Message Board Search for NGA: http://www.boardcentral.com/boards/NGA
In the report, the analyst notes:
"NGA recently agreed to be acquired by electrical equipment and component manufacturer AZZ Inc. for roughly $125.6 million in cash. The $7.50 per share cash tender offer reportedly represents a premium of roughly 42.6% over the weighted average price of NGA's common shares for the last 30 trading days. "
"The tender offer, to be funded by AZZ's cash on hand and an existing credit link, is scheduled to commence on April 30, 2010, or within five business days thereafter, and to expire within 20 business days of its commencement. Both companies anticipate that the transaction can close before the end of August. NGA's board has unanimously approved the merger agreement and the transactions contemplated by the merger agreement."
To read the entire report visit: http://www.stockpreacher.com/n/NGA
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