Avient rises on $1.5 bln deal to buy DSM business unit
20/04/2022 14:56
** Shares of specialized polymer materials maker AVNT.N up
~6.6% at $51.06 in early trade
** AVNT enters agreement with Dutch specialty chemicals
maker DSM DSMN.AS to buy its materials division for $1.48 bln
urn:newsml:reuters.com:*:nL3N2WI13D
** The proposed sale of DSM's Protective Materials business
comes after co's announcement last year about exploring an exit
for the division as it aimed at making sustainable food and
health products urn:newsml:reuters.com:*:nL1N2QG0BK
** YTD, AVNT down ~11.7%
(Reporting by Nathan Gomes in Bengaluru)
((Nathan.Gomes@thomsonreuters.com;))