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Chemical Week Magazine :: Business & Finance :: Asia/Pacific
Kraton rethinks merger with LCY Chemical’s SBC business
3:13 PM MDT | July 7, 2014 | —Deepti Ramesh
Kraton Performance Polymers notified LCY Chemical (Taipei) on 30 June that Kraton’s board of directors intends to withdraw its recommendation that Kraton stockholders approve the previously announced merger with LCY’s styrenic block copolymer (SBC) operations. The Kraton board cites declines in the operating results of LCY’s SBC business in the first quarter of 2014 and in its results outlook together with a related decline in Kraton’s stock price and negative reactions from stockholders following Kraton’s announcement on 24 June...
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