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Stock Market & Financial Investment News

News Breaks
January 28, 2014
05:35 EDTKRAKraton announces agreement to combine with SBC business of LCY Chemical
Kraton Performance announced that it has entered into a definitive agreement to combine with the styrenic block copolymer, or SBC, operations of Taiwan-based LCY Chemical Corp. The transaction will combine Kraton's broad product portfolio and innovation platform with LCY's cost-effective and innovative SBC operations and its proven record of driving growth in China and broader Asia. The combination agreement creates a $2B+ pro forma revenue industry leader, with significant scale, an improved manufacturing cost position and a diversified product portfolio offering that will benefit customers' growth and innovation requirements across all regions of the world and enables expected annual cost synergies of $65M on a run-rate basis, which are expected to be fully realized by 2017. The combination agreement is expected to be accretive to operating earnings by 75c-80c per share in the first full year of combined operations. The transaction is currently expected to close in Q4.
News For KRA From The Last 14 Days
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February 4, 2016
05:48 EDTKRAKraton Performance reports preliminary Q4 revenue $248M, consensus $251.2M
Reports Q4 sales volume 74.9 kT. Kraton also provided preliminary fourth quarter and full year 2015 results for Arizona Chemical Holdings Corporation, including revenue of $186M and sales volume of 90.1 kT.
February 3, 2016
06:47 EDTKRAPolyOne acquires certain TPE assets from Kraton Performance
PolyOne (POL) announced it has acquired certain technologies and assets from Kraton Performance Polymers (KRA). The two companies also entered into a supply agreement, whereby Kraton will provide PolyOne certain raw materials used in production for the acquired business. The end markets utilizing the acquired technologies span new and fast growing applications in adhesive and removable protective films, as well as existing applications served by PolyOne, such as packaging, medical devices and personal care products. The purchase price of $72M represents a multiple of 9x EBITDA.

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