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Stock Market & Financial Investment News

News Breaks
May 15, 2014
08:47 EDTPAHPlatform Specialty Products raises $300.2M in a private placement
Platform Specialty Products announced that it entered into subscription agreements with certain eligible purchasers for the purchase of a total of 15.8M shares of its common stock for an aggregate purchase price of $300.2M, or $19.00 per share.
News For PAH From The Last 14 Days
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October 7, 2014
17:06 EDTPAHPershing Square reports 26.1% stake in Platform Specialty Products
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October 6, 2014
08:17 EDTPAHPlatform Specialty Products raises $652M in a private placement
Platform Specialty Products announced it entered into subscription agreements with certain eligible purchasers for the purchase of a total of 25,465,024 shares of its common stock for an aggregate purchase price of $651.6M, or $25.59 per Share. Of those subscribed amounts, $410.9 million will be funded at a closing to be held on October 8, 2014, and an additional $240.6 million is expected to be funded following stockholder approval at a special meeting of stockholders of Platform to be held on or about November 6, 2014. Platform intends to use the net proceeds from this private placement for general working capital, including repayment of debt incurred in connection with the previously-announced acquisition of Chemtura Corporation's AgroSolutions business, if completed.

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