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Strategies & Market Trends : Speculating in Takeover Targets
CTG 10.470.0%Dec 5 4:00 PM EST

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To: richardred who wrote (3168)1/28/2014 10:00:22 AM
From: richardred  Read Replies (1) of 6850
A case where two heads are better than one. A nice projected boost to earnings. However less speculative appeal, but the synergies should outweigh that in a long term stock appreciation. RE:PPG/Georgia Gulf now Axiall

Kraton Announces Definitive Agreement to Combine with the Styrenic Block Copolymer Business of LCY Chemical Corp. to Create a Worldwide Leading Manufacturer and Innovator in the Styrenic Block Copolymer Industry - Creates a $2+ billion pro forma revenue industry leader, with significant scale, an improved manufacturing cost position and a diversified product portfolio offering that will benefit customers' growth and innovation requirements across all regions of the world
- Enables expected annual cost synergies of $65 million on a run-rate basis, which are expected to be fully realized by 2017
- Expected to be accretive to operating earnings by $0.75 - $0.80 per share in the first full year of combined operations
- Establishes a strong pro forma capital structure and cash flow profile that will support continued investment in R&D and commercialization of innovation platforms, as well as other growth initiatives.
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