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Monday, September 15, 2014

Market Chatter- Corporate finance press digest, (NYSE: PKX)

The following corporate finance-related stories were reported by media: * South Korean steelmaker POSCO is considering selling part of its stake in construction unit POSCO Engineering & Construction to an unidentified Saudi Arabian fund, a POSCO official told Reuters on condition of anonymity because the matter is confidential.* An Israeli government panel studying new taxes on mining companies will soften its recommendations in its final report, a source close to the committee said on Sunday.

POSCO is a Korea-based company engaged in the manufacture and distribution of steel products. Shares of PKX traded higher by 1.3% or $1.11/share to $86.29. In the past year, the shares have traded as low as $63.71 and as high as $86.99. On average, 209930 shares of PKX exchange hands on a given day and today's volume is recorded at 227241.