in this issue
World News and Views :: Top of the News
Analyst Expects Higher Bid for Hercules
10:19 AM MDT | July 15, 2008 | CW Editorial Staff
Ashland’s $23/share bid to acquire Hercules is “undervalued” and a higher offer from Ashland or a third party is expected, says Dmitry Silversteyn, analyst at Longbow Research (Independence, OH). Ashland agreed to buy Hercules for $3.3 billion last week in a deal that would give Ashland a pro forma combined revenue for the 12 months ended March 31, 2008 of more than $10 billion, including roughly $3.5 billion generated outside of North America. The deal is expected to close by year-end. The deal “appears to be more favorable” to...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee