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Stock Market & Financial Investment News

News Breaks
August 7, 2014
08:37 EDTKRAKraton Performance withdraws recommendation for approval of LCY combination
Kraton Performance's Board of Directors withdrew its prior recommendation that Kraton's stockholders approve the previously announced Combination Agreement under which Kraton would combine with LCY's styrenic block copolymer operations. Following Kraton's June 30th notification of its Board's intention to change its recommendation due to decline in results, LCY notified Kraton on August 4 that it would no longer negotiate, and would not agree to, any revisions to the terms and conditions. As a result of the Kraton Board's withdrawal of its recommendation, LCY has the contractual right to terminate the Combination Agreement. The Combination Agreement provides for Kraton to pay LCY a $25M break up fee upon a termination of the Combination Agreement unless a LCY material adverse effect has occurred and is continuing at the time of the withdrawal of the Kraton Board's recommendation. The Kraton Board believes that the impact upon LCY of the July 31 explosion in a gas pipeline in Kaohsiung, Taiwan constitutes a LCY material adverse effect as defined in the Combination Agreement.
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June 24, 2015
07:16 EDTKRACredit Suisse to hold a conference
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June 23, 2015
14:27 EDTKRAKraton Performance names Chris Russell Chief Accounting Officer
Effective June 18, Chris H. Russell was appointed Chief Accounting Officer of Kraton Performance Polymers, in which position he will serve as the Company’s principal accounting officer. Prior to joining Kraton, from 2014 to 2015, Mr. Russell served as Chief Accounting Officer for Prince International Corporation, a leading manufacturer and distributor of mineral based products.

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