Hexpol: Rising M&A growth prospects after Kirkhill Rubber deal
12/09/2018 09:52
** Shares in Swedish polymer producer HPOLb.ST rise 5.3%
after announcing acquisition of US rubber compounder
urn:newsml:reuters.com:*:nWkrc8tdDT
** Buys Kirkhill Rubber for about USD 49 mln
** Hexpol's last acquisition was announced in April 2017
** Top-ranked analyst Douglas Lindahl at Kepler Cheuvreux
admits the acquisition was not a major one, but says "...this
acquisition now proves that there are actually possible takeover
prospects out there"
** Hexpol has always been considered to be an
acquisition-driven company, Lindahl adds
** One of top STOXX 600 .STOXX performers
((marta.frackowiak@tr.com))