UPDATE 1-Innospec drops pursuit for UK rival Elementis after takeover approach rejection [Reuters]
Innospec Inc. (IOSP)
Last innospec inc. earnings: 8/6 04:45 pm
Check Earnings Report
US:NASDAQ Investor Relations:
innospecinc.com/investor-relations
Company Research
Source: Reuters
By Reuters Staff 2 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 on Tuesday confirmed that it received Innospec’s conditional cash-and-stock proposal on March 31, adding that it significantly undervalued the company. The 175-year-old London-based company said the proposal was less attractive for its shareholders as a substantial amount of it was in the form of Innospec shares. The news comes after Sky News on Monday reported that Elementis received a fresh takeover bid from Innospec that valued it at over 1 billion pounds, which sent shares of the British firm soaring as much as 22%. Elementis shares, however, were trading down 0.9% at 1
Show less
Read more
Impact Snapshot
Event Time:
IOSP
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
IOSP 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
IOSP alerts
High impacting Innospec Inc. news events
Weekly update
A roundup of the hottest topics
IOSP
News
- Innospec Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Innospec Reports First Quarter 2024 Financial ResultsGlobeNewswire
- Shareholders Will Most Likely Find Innospec Inc.'s (NASDAQ:IOSP) CEO Compensation Acceptable [Yahoo! Finance]Yahoo! Finance
- 4 Diversified Chemical Stocks to Gain From Demand Rebound [Yahoo! Finance]Yahoo! Finance
- Why Innospec (IOSP) is Poised to Beat Earnings Estimates Again [Yahoo! Finance]Yahoo! Finance
IOSP
Earnings
- 5/9/24 - 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