Link: Kraton Performance Polymers : Expects To Consummate Arizona Chemical Deal In Early January | 4-traders
By: RTT News/dpa-AFX, source International Compact
WASHINGTON (dpa-AFX) – Kraton Performance Polymers Inc. (KRA) announced that its current expectation is that it will consummate the previously announced acquisition of Arizona Chemical Company in early January 2016.
The company said it expects the financing in connection with the acquisition to be at a cost consistent with that previously announced and that it therefore will be at a cost consistent with that assumed in the Company’s cash flow projections as presented when Kraton announced the transaction on September 28, 2015.
In September, Kraton Performance Polymers announced a definitive agreement to acquire all of the capital stock of privately held Arizona Chemical Holdings Corporation for a cash purchase price of $1.37 billion. The seller is AZC Holding Company, LLC, which is principally owned by investment funds managed by American Securities LLC.
Copyright RTT News/dpa-AFX, source International Compact