Compass Minerals stock drops after profit outlook cut

Compass Minerals slid 13.5 percent to $60.10 Friday after the mining company cut its annual profit forecast after a partial ceiling cave-in at a rock salt mine in Ontario that will slow operations for six weeks.

September 23, 2017 at 7:00PM
A long exposure shows the trail of the Orbital ATK's Minotaur IV rocket launch from the state-run Launch Complex 46 at the easternmost tip of Cape Canaveral at 2:04 a.m Saturday, Aug. 26, 2017, in Florida. The rocket, nearly 78 feet tall, is the first launch from Complex 46 in almost 19 years. (Florida Today via AP)
Orbital ATK’s Minotaur IV rocket launch. Northrop Grumman will acquire the aerospace manufacturer. (The Minnesota Star Tribune)

Rocky outlook: Compass Minerals slid 13.5 percent to $60.10 Friday after the mining company cut its annual profit forecast after a partial ceiling cave-in at a rock salt mine in Ontario that will slow operations for six weeks.

Strong defense: Aerospace manufacturer Orbital ATK soared 20.8 percent to $132.95 Monday after agreeing to be acquired by Northrop Grumman for $7.8 billion. Orbital shares closed Friday at $132.64. Northrop, which added 1.4 percent, to $270.88 Monday, closed the week at $281.55.

Combo meal: Bob Evans Farms jumped 5.6 percent to $77.01 Tuesday after the maker of frozen foods agreed to be acquired by Post Holdings for $1.53 billion, or $77 a share. The shares closed Friday at $77.25. Post shares, which were unchanged on the news at $85.84, closed the week at $86.15.

Done deal: Silver Spring Networks surged 23.8 percent to $16.10 Monday after the networking platform provider agreed to be acquired by Itron in a deal valued at $830 million. Shares closed the week at $16.18.

Toy trouble: Mattel and Hasbro slumped Monday after retailer Toys 'R' Us filed for bankruptcy protection. Mattel slid 3.9 percent, to $15.24, closing Friday at $14.52. Hasbro fell 2.2 percent, to $92.80, finishing the week at $96.14.

Deal bounce: Calgon Carbon soared 62.1 percent to $21.40 Thursday after the maker of water and air filtration systems agreed to be acquired by Japanese company Kurary for $1.1 billion. The stock closed Friday at $21.40.

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