News & Videos - TRECORA RESOURCES

Balmoral Funds, LLC Completes Acquisition of Trecora Resources PR Newswire LOS ANGELES, June 27, 2022 LOS ANGELES , June 27, 2022 /PRNewswire/ -- Balmoral Funds, LLC ("Balmoral") announced today that it has successfully completed its previously announced acquisition of Trecora Resources ("Trecora") at a price of $9.81 per share, net to each seller, in cash, without interest and subject to any required tax withholdings. With the completion of the acquisition, Trecora's stock will cease trading on...

Trecora Resources and Balmoral Swan MergerSub, Inc. Announce Completion of the Tender Offer for All Outstanding Shares of Trecora Resources PR Newswire SUGAR LAND, Texas and LOS ANGELES, June 24, 2022 SUGAR LAND, Texas and LOS ANGELES , June 24, 2022 /PRNewswire/ -- Trecora Resources (NYSE: TREC) ("Trecora" or the "Company") and Balmoral Swan MergerSub, Inc. (the "Purchaser"), an affiliate of Balmoral Funds, LLC (together with its consolidated subsidiaries, "Balmoral") today announced the...

TRECORA INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Trecora Resources - TREC PR Newswire NEW ORLEANS, May 26, 2022 NEW ORLEANS , May 26, 2022 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Trecora Resources (NYSE: TREC) to an affiliate of Balmoral Funds, LLC. Under the terms...

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Trecora Resources (NYSE: TREC) to an affiliate of Balmoral Funds, LLC. Under the terms of the proposed transaction, shareholders of Trecora will receive only $9.81 in cash for each share of Trecora that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration...

Equity Alert - The M&A Class Action Firm Announces an Investigation of Trecora Resources - TREC PR Newswire NEW YORK, May 14, 2022 NEW YORK , May 14, 2022 /PRNewswire/ -- Juan Monteverde , founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated Top 50 in the 2018-2021 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City , is investigating Trecora...

TRECORA INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Trecora Resources - TREC PR Newswire NEW ORLEANS, May 12, 2022 NEW ORLEANS , May 12, 2022 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Trecora Resources (NYSE: TREC) to an affiliate of Balmoral Funds, LLC. Under the terms...

SHAREHOLDER ALERT: Weiss Law Investigates Trecora Resources PR Newswire NEW YORK, May 11, 2022 NEW YORK , May 11, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Trecora Resources ("Trecora" or the "Company") (NYSE: TREC) in connection with the proposed acquisition of the Company by an affiliate of Balmoral Funds, LLC via a tender offer. Under the terms of the merger agreement, the Company's shareholders...

Shareholder Alert: Ademi LLP investigates whether Trecora Resources has obtained a Fair Price in its transaction with Balmoral PR Newswire MILWAUKEE, May 11, 2022 MILWAUKEE , May 11, 2022 /PRNewswire/ -- Ademi LLP is investigating Trecora (NYSE: TREC) for possible breaches of fiduciary duty and other violations of law in its transaction with Balmoral. Click here to learn how to join the action: https://www.ademilaw.com/case/trecora-resources or call Guri Ademi toll-free at 866-264-3995. There is...

Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of Trecora Resources (NYSE: TREC) to an affiliate of Balmoral Funds, LLC for $9.81 per share in cash is fair to Trecora shareholders. Halper Sadeh encourages Trecora shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected] . The investigation concerns whether Trecora and its board of...

Trecora Resources Enters Into a Definitive Agreement to Be Acquired by an Affiliate of Balmoral Funds PR Newswire SUGAR LAND, Texas, May 11, 2022 Purchase price of $9.81 per share in cash, with a total transaction value of $247 million Transaction follows a comprehensive strategic review process by the Trecora Board of Directors Trecora to adopt limited-duration shareholder rights plan as a condition to the transaction SUGAR LAND, Texas , May 11, 2022 /PRNewswire/ -- Trecora Resources ("Trecora"...

Trecora Resources Announces First Quarter 2022 Results PR Newswire SUGAR LAND, Texas, May 4, 2022 First quarter revenue of $83.2 million , an increase of 52.4% compared with the first quarter of 2021, driven by price and volume increases in both the Specialty Petrochemicals and Specialty Waxes segments. First quarter net loss of $(0.4) million was significantly improved from $(4.4) million in the first quarter 2021. First quarter Adjusted EBITDA of $5.8 million compared to $(0.1) million in the...

Trecora Resources to Host First Quarter 2022 Earnings Conference Call on Thursday, May 5th PR Newswire SUGAR LAND, Texas, April 25, 2022 SUGAR LAND, Texas , April 25, 2022 /PRNewswire/ -- Trecora Resources (NYSE: TREC), a leading provider of specialty hydrocarbons and waxes, today announced the planned release of its first quarter 2022 financial results after market close on Wednesday, May 4, 2022 . President and Chief Executive Officer, Patrick D. Quarles , and Chief Financial Officer, Sami...

Ortelius Advisors, L.P., which collectively with its affiliates owns approximately 11.3% of the outstanding common stock of Trecora Resources (NYSE: TREC) (“Trecora” or the “Company”), today announced that it has filed preliminary proxy materials with the Securities and Exchange Commission in connection with the Trecora 2022 Annual Meeting of Stockholders (the “Annual Meeting”). A copy of the preliminary proxy statement is available at https://tinyurl.com/4phe8nf7 . Ortelius,...

Trecora Resources Comments on Letter from Ortelius Advisors PR Newswire SUGAR LAND, Texas, March 23, 2022 SUGAR LAND, Texas , March 23, 2022 /PRNewswire/ -- Trecora Resources ("Trecora" or the "Company") (NYSE: TREC), a leading provider of specialty hydrocarbons and waxes, today issued the following statement regarding Ortelius Advisors' ("Ortelius") letter to Trecora stockholders yesterday: "Trecora's Board of Directors and management team are focused on delivering value for our shareholders....

Ortelius Advisors, L.P., which collectively with its affiliates is the largest stockholder of Trecora Resources (NYSE: TREC), today delivered an open letter to stockholders. *** Fellow Stockholders, Ortelius Advisors, L.P. (together with its affiliates, “Ortelius,” “we,” or “us”) owns approximately 11.3% of the outstanding common stock of Trecora Resources (“Trecora” or the “Company”), making us the Company’s largest stockholder. 1 As we communicated in our February letter,...

Trecora Resources Announces Fourth Quarter and Full Year 2021 Results - Full year revenue of $272.7 million, an increase of 30.7% compared with the prior year, driven by price and volume increases in the Specialty Petrochemicals segment while Specialty Wax segment revenue growth benefitted from higher selling prices. - Net income from continuing operations of $5.0 million in 2021. Q4 2021 net income from continuing operations of $5.2 million. - Adjusted EBITDA from continuing operations of $21.6...

Trecora Resources to Host Fourth Quarter 2021 Earnings Conference Call on Wednesday, March 9th PR Newswire SUGAR LAND, Texas, Feb. 17, 2022 SUGAR LAND, Texas , Feb. 17, 2022 /PRNewswire/ -- Trecora Resources (NYSE: TREC), a leading provider of specialty hydrocarbons and waxes, today announced the planned release of its fourth quarter 2021 financial results after market close on Tuesday, March 8, 2022 . President and Chief Executive Officer, Patrick D. Quarles , and Chief Financial Officer, Sami...

Ortelius Advisors, L.P., which collectively with its affiliates is the largest stockholder of Trecora Resources (NYSE: TREC), today issued the following open letter to fellow stockholders. *** February 7, 2022 Fellow Stockholders, Ortelius Advisors, L.P. (together with its affiliates, "Ortelius," “we,” or “us”) owns approximately 11.3% of the outstanding common stock of Trecora Resources (“Trecora” or the “Company”), making us the Company’s largest stockholder. 1 While we...

Anellotech and Trecora Resources subsidiary South Hampton Resources renew site host and services agreement for process development pilot plant Anellotech unit produced p-xylene used by Suntory to make a 100% bioPET bottle PR Newswire PEARL RIVER, N.Y. and SILSBEE, Texas, Jan. 25, 2022 PEARL RIVER, N.Y. and SILSBEE, Texas , Jan. 25, 2022 /PRNewswire/ -- Anellotech and South Hampton Resources, Inc. (SHR), a subsidiary of Trecora Resources, (NYSE: TREC), announced today the renewal of their...

Trecora Resources to Present at Sidoti Virtual Micro Cap Conference on December 8th PR Newswire SUGAR LAND, Texas, Nov. 29, 2021 SUGAR LAND, Texas , Nov. 29, 2021 /PRNewswire/ -- Trecora Resources (NYSE: TREC), a leading provider of specialty hydrocarbons and waxes, today announced Patrick Quarles President & CEO, and Sami Ahmad , CFO will present and host one-on-one meetings with investors at the Sidoti Virtual Micro Cap Conference, taking place on Wednesday, December 8, 2021 . The presentation...