Shares of PolyOne Corporation (POL) fell 1.8% in Monday's
trading session. The provider of specialized polymer materials and associated
services and products announced the sale of its non-core Resin assets. Shares
continued to slip, trading with losses of a similar percentage in Tuesday's
trading session.
The Deal
PolyOne announced that it has agreed to sell its vinyl dispersion, blending and suspension resin activities to Mexichem S.A.B. for $250 million in cash.
The activities were part of PolyOne's Performance Products and Solutions business. While the deal has a short term dilutive effect, the company stresses that the deal is consistent with the company's mix improvement strategy which has delivered significant shareholder value already in recent years. CEO and Chairman Stephen D. Newlin commented on the deal:
Read the entire article on Seekingalpha by clicking the following link
The Deal
PolyOne announced that it has agreed to sell its vinyl dispersion, blending and suspension resin activities to Mexichem S.A.B. for $250 million in cash.
The activities were part of PolyOne's Performance Products and Solutions business. While the deal has a short term dilutive effect, the company stresses that the deal is consistent with the company's mix improvement strategy which has delivered significant shareholder value already in recent years. CEO and Chairman Stephen D. Newlin commented on the deal:
Read the entire article on Seekingalpha by clicking the following link
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