Anticipation is the greatest joy and the announcement of the Masterbatch divestment is just this. The sales price is quite generous, with closing sometime next year. We view the distribution of 2/3rds of divestment proceeds as a shareholder’s goody bag. The divestment is a consequence of the implementation of a still quite unclear company transformation plan, where the distribution of the special dividend clearly limits future options.
20 Dec 2019
Santa Claus is coming to town (Muttenz, CH)
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Santa Claus is coming to town (Muttenz, CH)
Clariant AG (0QJS:LON) | 0 0 (-2.2%) | Mkt Cap: 8,000m
- Published:
20 Dec 2019 -
Author:
Martin Schnee -
Pages:
2
Anticipation is the greatest joy and the announcement of the Masterbatch divestment is just this. The sales price is quite generous, with closing sometime next year. We view the distribution of 2/3rds of divestment proceeds as a shareholder’s goody bag. The divestment is a consequence of the implementation of a still quite unclear company transformation plan, where the distribution of the special dividend clearly limits future options.