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Markets :: Basic Chemicals :: Petrochemicals :: Styrene

Kraton shares fall 14% on weaker post-merger earnings forecast

3:11 PM MDT | June 24, 2014 | Clay Boswell

Kraton Performance Polymers’ planned merger with the styrenics block copolymers (SBC) unit of LCY Chemical (Taiwan) may not pay off for two years later than expected, the company said on 24 June. The company’s stock price fell 14% the day of the announcement, losing $3.60/share to close at $21.53/share....

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