Brief: Innospec Inc Says Takeover Approach Rejected By Board Of Elementis

Innospec

20/04/2021 14:43

April 20 (Reuters) - Innospec Inc:
    * INNOSPEC INC. ELEMENTIS PLC  - PRESS SPECULATION RE
POSSIBLE
OFFER FOR ELEMENTIS
    * INNOSPEC INC. - NOTES RECENT SPECULATION WITH REGARD TO A
POTENTIAL OFFER FOR ELEMENTIS PLC
    * INNOSPEC- BELIEVES COMBINATION OF COMPANIES WOULD HAVE
CREATED
BENEFITS FOR BOTH SETS OF SHAREHOLDERS GIVEN COMPELLING
STRATEGIC FIT
    * INNOSPEC - APPROACH SOUGHT SUPPORT OF ELEMENTIS'S BOARD
FOR
POSSIBLE OFFER WITH A 50% CASH ALTERNATIVE WITH MIX AND MATCH
FACILITY AT 160P/SHARE
    * INNOSPEC - ON 31 MARCH 2021, AN APPROACH WAS MADE BY
INNOSPEC TO
BOARD OF ELEMENTIS
    * INNOSPEC - APPROACH WAS REJECTED BY BOARD OF ELEMENTIS ON
9TH
APRIL 2021 AND INNOSPEC SUBSEQUENTLY CEASED ACTIVE CONSIDERATION
ON 15TH APRIL 2021

Source text for Eikon:  ID:nRST0675Wa 
Further company coverage:  ELM.L 

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