Innospec drops pursuit for UK rival Elementis after takeover approach rejection [Reuters]
Innospec Inc. (IOSP)
Last innospec inc. earnings: 8/6 04:45 pm
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US:NASDAQ Investor Relations:
innospecinc.com/investor-relations
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Source: Reuters
By Reuters Staff 1 Min Read (Reuters) - Innospec Inc said on Tuesday it was no longer considering a possible offer for rival Elementis after the British company rejected a 160-pence per share takeover approach from the U.S. chemicals firm. Innospec said it had sought support from the London-listed company’s board for its offer that would have valued Elementis at about 929.3 million pounds ($1.30 billion). Elementis did not immediately respond to a request for comment. The news comes after a Sky News report said Elementis received a fresh takeover bid from Innospec that valued it at over 1 billion pounds. The report sent shares of Elementis soaring as much as 22%. Shares have since pared gains to trade 1.8% higher by 1352 GMT.
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IOSP
Earnings
- 2/13/24 - Beat
IOSP
Sec Filings
- 4/3/24 - Form 8-K
- 3/28/24 - Form ARS
- 3/28/24 - Form DEFA14A
- IOSP's page on the SEC website