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 story : Kraton to be acquired by DL Chemical in all-cash deal with enterprise value of about .5 billion #FinanceUSA #StockMarketNEWS Kraton Corp. , a producer of specialty polymers and bio-based products

@stockMarketNEWS 21 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Kraton to be acquired by DL Chemical in all-cash deal with enterprise value of about .5 billion #FinanceUSA #StockMarketNEWS
Kraton Corp. , a producer of specialty polymers and bio-based products from pine wood pulping co-products, said Monday it has agreed to be acquired by DL Chemical Co. Ltd. in an all-cash deal with an enterprise value of about .5 billion. Under the terms of the deal, Kraton shareholders will receive .50 in cash for each share owned, or a premium of about 50% over Kraton's unaffected market valuation as of early July, according to Kraton CEO Kevin M. Fogarty. The deal is expected to create a company with the scale to create a "robust platform tot further support investment in the existing innovation pipeline and provide for further expansion of sustainable offerings," said Dan F. Smith, chairman of Kraton's board. The deal is expected to close in the first half of 2022. Kraton shares jumped 8% premarket and have gained 49% in the year to date, while the S&P 500 has gained 18.6%.


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