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Platform Specialty Products commences private placement

3:16 PM MDT | May 6, 2014 | Vincent Valk

Platform Specialty Products today announced that it will issue $200 million in shares of common stock in a private placement. The placement is expected to close on 20 May. Platform will use the proceeds for growth and working capital, possibly including the $1-billion acquisition of Chemtura’s agricultural chemicals business, which was announced last month. Yesterday, Platform announced a first-quarter loss of $15.3 million, while adjusted earnings increased. Platform is the parent company of the former MacDermid, which it acquired last...

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