in this issue
People & Business :: Earnings/Finance
Cytec Closes Umeco Acquisition
8:45 AM MDT | July 20, 2012 | Vincent Valk
Cytec has closed its $439 million acquisition of Umeco (Leamington Spa, UK), a composites maker. The deal is expected to be "immediately accretive" to Cytec's earnings, with EPS accretion for 2012 totaling 20 cts/share. Yesterday, Cytec CEO Shane Fleming said he expected the deal to close "imminently." Umeco will be reported a seperate segment within Cytec for the duration of 2012. Thereafter, Umeco and Cytec's engineered materials segment will combine to form two new segments focused on aerospace and industrial materials...
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