New User:

-or-
Username:
Password:
Forgot your password?

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
Check below for free stories on KRA the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 30, 2014
17:46 EDTKRAKraton Performance sees FY14 adjusted EPS $1.40-$1.50, consensus $1.62
Subscribe for More Information
17:44 EDTKRAKraton Performance reports Q2 adjusted EPS 46c, consensus 52c
Reports Q2 revenue $323.8M, consensus $342.61M. Cariflex sales revenue was $29.2M for the three months ended June 30. Advanced Materials sales revenue was $81.7M for the three months ended June 30. Adhesives, Sealants and Coatings sales revenue was $128.2M for the three months ended June 30. Paving and Roofing sales revenue was $84.6M for the three months ended June 30.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use