Nolato: Hits record high after U.S. acquisition
06/08/2020 08:27
** Shares in Nolato NOLAb.ST surge 10% after the Swedish
polymer specialist agrees to buy U.S. medtech company GW
Plastics in a SEK 2 billion deal ($231.55 million) urn:newsml:reuters.com:*:nL8N2F81BJ
** "The acquisition provides significant volumes and a
strong position in North America for the Medical Solutions
business area," Nolato says in a statement
** The deal, which is expected to be completed in
September, is seen to result in a marginal boost to the
company's EPS for 2020
** Nolato stock is on track for its best day in a year
($1 = 8.6375 Swedish crowns)
((paulina.cwikowska@tr.com))