New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 3, 2014
12:52 EDTKRAS&P revises Kraton Performance Polymers outlook to positive
Standard & Poor's Ratings Services revised its outlook on Kraton Performance Polymers to positive from stable. S&P said, "At the same time, we affirmed our 'B+' corporate credit rating on the company and our 'B' issue-level rating on the company's unsecured debt. The recovery rating on the unsecured debt remains '5', indicating our expectation of modest recovery in the event of a payment default." "The positive outlook reflects our estimation that there is at least a one in three probability of a rating upgrade arising from the proposed combination of Kraton's assets with LCY Chemical Corp.'s sytrenic block copolymers assets," said Standard & Poor's credit analyst Pranay Sonalkar. Shares of Kraton Performance Polymers are higher by almost 2.5% in midday trading.
News For KRA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
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.

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