Bayou Steel Corp.

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• Demand bolsters LaPlace-based Bayou Steel Corp.'s net income

  - 2006-06-19

  Light steel manufacturer Bayou Steel Corp.'s net income increased 38 percent in 2005, its final year as a public company before Black Diamond Capital Management Firm purchased the company in March. At an estimated buyout price of $160 million, or $78.31 per share, Black Diamond offered the highest...

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• Bayou Steel Announces Stockholder Approval of Merger Agreement

  - 2006-05-12

  LAPLACE, La. -- Bayou Steel Corporation announced today that its stockholders voted at a special meeting held yesterday to adopt the previously announced merger agreement to be acquired by an entity owned by funds over which Black Diamond Capital Management, L.L.C. ("Black Diamond") acts as an investment manager. Subject to...

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• Black Diamond Capital Management's $150M buyout of Bayou Steel

  - 2006-03-27

  Bayou Steel stock received a prodigious boost last week as the news of a potential buyout reached the stock market.On March 17, Bayou Steel Corp. announced it had entered into a definitive agreement with an entity managed by common stock holder Black Diamond Capital Management LLC for a per-share purchase...

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• Bayou Steel Corp. agrees to be acquired by capital management firm

  - 2006-03-17

  Steel recycler Bayou Steel Corp. of LaPlace has agreed to be acquired by one of its stockholders, an entity of Black Diamond Capital Management LLC. Based in Lake Forest, Ill., Black Diamond is an alternative asset management firm with more than $8 billion under management.Under the agreement, the Black Diamond...

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• Bayou Steel net dips $1M although sales higher

  - 2006-02-27

  Bayou Steel Corp. reported net income of $3.2 million, or $1.60 per fully diluted share, on sales of $67.2 million for the first quarter of fiscal year 2006 ending Dec. 31, 2005, compared with net income of $4.2 million, or $2.01 per fully diluted share, on sales of $63.1 million...

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• Bayou Steel Corp. reports $19M in net income for 2005

  - 2006-01-16

  Bayou Steel Corp. reported Friday it made $19.3 million in net income, $9.46 per fully diluted share, for the fiscal year ending Sept. 30, 2005.Overall, our fiscal 2005 performance was solid in spite of a variety of challenges, including higher natural gas and electricity prices and disruptions in production and...

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• Bayou Steel banks $19M in 2005

  - 2006-01-14

  Bayou Steel Corp. reported Friday it made $19.3 million in net income, $9.46 per fully diluted share, for the fiscal year ending Sept. 30, 2005.Overall, our fiscal 2005 performance was solid in spite of a variety of challenges, including higher natural gas and electricity prices and disruptions in production and...

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• Bayou Steel Corporation Announces Upsizing of the Company's Line of Credit

  - 2005-11-14

  LAPLACE, La. -- Bayou Steel Corporation is currently amending and restating its line of credit from $45 million to $75 million. The line will also provide lower borrowing rates, higher advance rates, and a nearly four year extension of the current arrangement. The Company expects to complete the upsizing of...

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• Bayou Steel Corporation Announces Plant Operations After Hurricane Katrina

  - 2005-09-07

  LAPLACE, La. -- Bayou Steel Corporation today announced the resumption of plant operations following the aftermath of Hurricane Katrina. Jerry M. Pitts, President and CEO of Bayou Steel Corporation today reported, "Hurricane Katrina released its destructive fury on New Orleans, the Gulf Coast and surrounding areas. However, Bayou Steel...

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• Bayou Steel Corporation Announces Strong Results for Third Quarter Fiscal 2005

  - 2005-08-15

  LAPLACE, La. -- Bayou Steel Corporation today reported its financial results for the third quarter (ending June 30, 2005) of fiscal 2005. The Company reported net income of $5.2 million or $2.59 per fully diluted share for the third quarter of fiscal 2005 and $14.5 million or $7.24 per...

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