Regions :: North Asia :: Taiwan
Kraton decides against merger with LCY Chemical’s SBC business
8:17 AM MDT | August 7, 2014 | Deepti Ramesh
Kraton Performance Polymers today announced that on 6 August, its board of directors withdrew its prior recommendation that Kraton's stockholders approve the merger with the styrenic block copolymer (SBC) operations of LCY Chemical (Taipei). Plans for the merger were first announced on 28 January and would have created a leading worldwide manufacturer of SBC, with more than $2 billion in annual revenue. Kraton had notified LCY on 30 June that it intends to withdraw its recommendation unless the parties could agree upon mutually acceptable revised terms of the...
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