Last week, readers were most drawn to the planned acquisition of Kraton by DL Chemical (Kraton Enters Definitive Agreement to be Acquired by DL Chemical): “Kraton Corp. recently announced that it has entered into a definitive merger agreement pursuant to which DL Chemical Co., Ltd., a subsidiary of DL Holdings Co., Ltd., will acquire 100% of Kraton in an all-cash transaction implying an enterprise value of approximately $2.5 billion. As part of the transaction, DL Chemical has conveyed that it has fully committed financing.
“‘Following an extensive review of a wide-range of strategic alternatives focused on maximizing value for the benefit of our stockholders, Kraton’s Board has determined that the sale of Kraton to DL Chemical is in the best interest of Kraton stockholders,’ said Kevin M. Fogarty, Kraton’s president and CEO. ‘We believe the transaction provides immediate and certain value for Kraton stockholders, and represents an attractive premium of approximately 50% over Kraton's unaffected market valuation as of early July. Moreover, we believe DL Chemical has the industry presence and resources to continue to support the growth of Kraton’s business on a global scale.’”
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Top 5 News that Sticks for September 26 - October 2
- Kraton Enters Definitive Agreement to be Acquired by DL Chemical
- 3M Announces Bonding Process Center Evolution
- H.B. Fuller to Highlight Sustainability Solutions at INDEX20
- Nexa and Henkel Collaborate on Full-Scale Additive Manufacturing Customer Center
- Arkema Achieves Highest Rating of Chemical Sector Companies Assessed by V.E
This weekly roundup highlights the adhesives, sealants, and coatings-related news stories that garnered the most attention during the previous week on our website, as well as our eNewsletters and social media platforms.