Imerys along with its talc subsidiaries have reached an agreement to resolve historic talc-related liabilities with representatives of existing and potential future claimants. Once all the necessary approvals are obtained (very likely), North American talc assets will be sold and the Talc subsidiaries will emerge from the Chapter 11 process. The group believes that this amount is sufficient to cover the expected financial impact of the plan for the group.
15 May 2020
A leap towards resolving talc-related litigation
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A leap towards resolving talc-related litigation
Imerys SA (NK:PAR) | 0 0 1.4% | Mkt Cap: 6,735m
- Published:
15 May 2020 -
Author:
Sejal Varshney -
Pages:
3
Imerys along with its talc subsidiaries have reached an agreement to resolve historic talc-related liabilities with representatives of existing and potential future claimants. Once all the necessary approvals are obtained (very likely), North American talc assets will be sold and the Talc subsidiaries will emerge from the Chapter 11 process. The group believes that this amount is sufficient to cover the expected financial impact of the plan for the group.