Brief: Avient To Acquire DSM Protective Materials And Plans To Explore Sale Of Distribution
20/04/2022 06:04
April 20 (Reuters) - Avient Corp AVNT.N :
* AVIENT ANNOUNCES AGREEMENT TO ACQUIRE DSM PROTECTIVE
MATERIALS
(DYNEEMA®) AND PLANS TO EXPLORE SALE OF DISTRIBUTION
* PURCHASE PRICE OF $1.485 BILLION IS SUBJECT TO CERTAIN
CUSTOMARY
ADJUSTMENTS
* EXCLUDING INTANGIBLE AMORTIZATION, ACQUISITION WILL BE
IMMEDIATELY ACCRETIVE TO EPS
Source text for Eikon: ID:nPn3J10Cba
Further company coverage: AVNT.N
((Reuters.Briefs@thomsonreuters.com;))