UPDATE 1-Clariant sells unit for $1.6 bln, plans payout to shareholders [Reuters]
CLARIANT AG UNSP/ADR (CLZNY)
NASDAQ:AMEX Investor Relations:
clariant.com/en/investors
Company Research
Source: Reuters
UPDATE 1-Clariant sells unit for $1.6 bln, plans payout to shareholders (Adds details, background) ZURICH, Dec 19 (Reuters) - Clariant is selling its masterbatches unit to U.S.-based PolyOne Corp for $1.6 billion, the Swiss specialty chemicals maker said on Thursday, adding it will pay shareholders about $1 billion from the proceeds. Clariant is selling the business that includes colours, additives and special effect concentrates for plastics to the U.S. polymers maker after the failure of a joint venture to combine the unit with parts of Saudi Basic Industries, Clariant’s largest shareholder. After scrapping the JV, Clariant is focusing on chemicals for consumer products likes soaps and shampoos, the oil and gas industry, and catalysts that help speed up chemical reactions, while selling portions of its portfolio for which it anticipates more modest growth prospects. “This announcement is a significant milestone on our path to focusing on businesses with above-market growth, higher p
Show less
Read more
Impact Snapshot
Event Time:
CLZNY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CLZNY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CLZNY alerts
High impacting CLARIANT AG UNSP/ADR news events
Weekly update
A roundup of the hottest topics
CLZNY
News
- Clariant delivers good start to 2024 with improved profitability – outlook confirmed [Yahoo! Finance]Yahoo! Finance
- Second Generation Biofuels Market to Grow at CAGR of 24.5% through 2033; Rising Emphasis on Sustainability to Bolster Growth [Yahoo! Finance]Yahoo! Finance
- Investors in Clariant (VTX:CLN) have unfortunately lost 26% over the last five years [Yahoo! Finance]Yahoo! Finance
- Clariant's shareholders approve all agenda items [Yahoo! Finance]Yahoo! Finance
- IFF Completes Divestiture of Cosmetics Ingredients Business [Yahoo! Finance]Yahoo! Finance