Edition:
United States

LANXESS AG (LXSG.DE)

LXSG.DE on Xetra

63.26EUR
26 May 2017
Change (% chg)

€-0.25 (-0.39%)
Prev Close
€63.51
Open
€63.30
Day's High
€63.30
Day's Low
€62.34
Volume
323,302
Avg. Vol
377,255
52-wk High
€69.12
52-wk Low
€37.28

Latest Key Developments (Source: Significant Developments)

Chemtura announces stockholder approval of merger agreement with Lanxess
Wednesday, 1 Feb 2017 09:04am EST 

Chemtura Corp : Chemtura announces stockholder approval of merger agreement with Lanxess .Approximately 99.88 percent of votes cast at special meeting were in favor of approval and adoption of merger agreement.  Full Article

Lanxess signs contract to acquire Chemtura
Sunday, 25 Sep 2016 06:25pm EDT 

Lanxess Ag : Offering all cash consideration of $33.50 per share for chemtura . Signs contract to acquire chemtura . Chemtura transaction with an enterprise value of around eur 2.4 billion .Secured bridge financing for chemtura deal.  Full Article

Lanxess sees 30 mln eur EBITDA from Clean & Disinfect by 2020
Thursday, 1 Sep 2016 03:00am EDT 

Lanxess AG : Annual EBITDA contribution of eur 20 million initially, rising gradually to eur 30 million by 2020 Further company coverage: [LXSG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Lanxess CEO sees continuing margin pressure in rubber ops
Wednesday, 10 Aug 2016 04:50am EDT 

Lanxess CEO Matthias Zachert on conference call : Says earnings decline in rubber operations will continue in H2 . Says will continue to play an active role in M&A . Says margin pressure in rubber operations will continue into 2017 . Says aims to fully consolidate rubber JV for three years, ownership structure shouldn't change for next 5 yrs . Says hopes that Latin America business will pick up again Further company coverage: [LXSG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Lanxess gives Q1 and full FY 2016 EBITDA pre exceptionals outlook, to propose FY 2015 dividend
Wednesday, 16 Mar 2016 08:00pm EDT 

Lanxess AG:Forecast for full FY 2016: EBITDA pre exceptionals between 880 million and 930 million euros.Is forecasting EBITDA pre exceptionals between 240 million and 260 million euros for the first quarter of 2016.Will propose that dividend be increased by 20 pct compared with the prior year to 0.60 euros per share for FY 2015.  Full Article

Lanxess AG raises FY 2015 guidance
Thursday, 5 Nov 2015 01:30am EST 

Lanxess AG:Now sees FY 2015 EBITDA at 860-900 million euros ($932-978 million), compared with previous guidance of 840-880 million euros and up from 808 million last year.FY 2015 adjusted EBITDA 862.93 million euros - Thomson Reuters I/B/E/S.  Full Article

Lanxess sells 50 pct stake in rubber business to Saudi Aramco
Tuesday, 22 Sep 2015 05:26am EDT 

Lanxess AG:Agrees to sell a 50 percent stake in its synthetic-rubber business to Saudi Aramco, partnering with a supplier of petrochemical raw materials.The deal values the joint venture that the two companies will set up at 2.75 billion euros and operational control will be assumed by Lanxess.Saudi Aramco agreed to acquire the 50 percent stake for around 1.2 billion euros in cash, adjusted for debt and payables.  Full Article

Lanxess AG raises FY 2015 outlook
Thursday, 6 Aug 2015 01:30am EDT 

Lanxess AG:Raises outlook, sees FY 2015 adjusted EBITDA at 840 million-880 million euros.Previous target range of 820 million-860 million euros.FY 2015 adjusted EBITDA 834.53 million euros - Thomson Reuters I/B/E/S.  Full Article

More From Around the Web

German stocks - Factors to watch on May 26

FRANKFURT, May 26 The DAX top-30 index looked set to open 0.2 percent lower on Friday, according to premarket data from brokerage Lang & Schwarz at 0616 GMT.