Key Developments: A Schulman Inc (SHLM.O)

SHLM.O on Nasdaq

37.23USD
31 Jul 2015
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Latest Key Developments (Source: Significant Developments)

A. Schulman Inc announces closing of Citadel acquisition
Monday, 1 Jun 2015 01:12pm EDT 

A. Schulman Inc:Completes previously announced acquisition of HGGC Citadel Plastics Holdings Inc.  Full Article

A. Schulman, Inc issues senior notes - Form 8-K
Thursday, 28 May 2015 05:27pm EDT 

A. Schulman, Inc:Issued $375 million of 6.875 pct senior notes due 2023.Notes bear interest of 6.875 pct per annum.Notes mature on June 1, 2023 and are senior unsecured obligations of company and are guaranteed on a senior basis by guarantors.  Full Article

A. Schulman Inc announces pricing of $375 mln senior notes due 2023
Thursday, 7 May 2015 06:12pm EDT 

A. Schulman Inc:Prices $375 mln aggregate principal amount of 6.875 pct senior notes due 2023.Intends to use net proceeds from notes offering to finance portion of cash consideration to be paid in it's proposed acquisition of HGGC Citadel Plastics Holdings, Inc.Also to refinance certain existing debt and for general corporate purposes, including fees and expenses related to acquisition.Closing of notes offering is expected to occur on May 26.  Full Article

A. Schulman commences senior notes offering
Monday, 4 May 2015 02:15pm EDT 

A. Schulman:Says it intends to offer to sell $375 million aggregate principal amount of senior notes due 2023 in an offering.The notes will be jointly and severally and fully and unconditionally guaranteed on a senior basis by certain of the company's domestic subsidiaries.The company intends to use the net proceeds from the notes offering to finance a portion of the cash consideration to be paid in its proposed acquisition of HGGC Citadel Plastics Holdings, Inc., to refinance certain existing debt and for general corporate purposes.  Full Article

A. Schulman announces closing of cumulative perpetual convertible special stock offering
Monday, 4 May 2015 01:02pm EDT 

A. Schulman:Says it had closed its public offering in the amount of $125 million liquidation preference of 6.00 pct cumulative perpetual convertible special stock, which includes $15 million of shares as a result of the underwriters for the offering fully exercising their option to purchase additional shares.Each share of cumulative perpetual convertible special stock has a liquidation preference of $1,000 and is initially convertible at about 25 pct above the closing price of the company's common stock on the NASDAQ Global Select Market on April 28, or about $52.33 per share.The company intends to use the net proceeds from the 6.00 pct cumulative perpetual convertible special stock offering to fund a portion of the cash consideration to be paid in its proposed acquisition of HGGC Citadel Plastics Holdings and to pay transaction-related fees and expenses.In the event the company does not consummate the acquisition, it intends to use the net proceeds from the 6.00 pct cumulative perpetual convertible special stock offering for general corporate purposes, including, without limitation, the repayment of indebtedness.J.P. Morgan Securities LLC and BofA Merrill Lynch served as joint book-running managers for the offering.Commerz Markets LLC, BBVA Securities Inc., Citigroup Global Markets Inc. and RBS Securities Inc. served as co-managers for the offering.  Full Article

A. Schulman prices cumulative perpetual convertible special stock offering
Tuesday, 28 Apr 2015 06:47pm EDT 

A. Schulman:Prices a registered public offering of $110 million aggregate liquidation preference of 6.00% Cumulative Perpetual Convertible Special Stock.Each share of Cumulative Perpetual Convertible Special Stock has a liquidation preference of $1,000 and is initially convertible at about 25% above the closing price of Company's common stock on NASDAQ Global Select Market on April 28 or about $52.33 per share of Company's common stock.Company granted the underwriters for the offering a 30-day option to purchase up to $15 million in additional shares.  Full Article

A. Schulman Inc reaffirms FY 2015 EPS outlook
Monday, 6 Apr 2015 04:49pm EDT 

A. Schulman Inc:Maintains FY 2015 adjusted net income guidance to a range of $2.50 to $2.55 per diluted share.  Full Article

A. Schulman Inc declares regular cash dividend
Wednesday, 1 Apr 2015 04:05pm EDT 

A. Schulman Inc:Declares a regular quarterly cash dividend of $0.205 per common share.Payable May 1 to shareholders of record on April 20.  Full Article

A. Schulman Inc lowers FY 2015 EPS guidance
Monday, 23 Mar 2015 08:52am EDT 

A. Schulman Inc:Revises FY 2015 adjusted net income guidance to $2.50 - $2.55 per diluted share.  Full Article

A. Schulman announces acquisition of Citadel
Monday, 16 Mar 2015 07:30am EDT 

A. Schulman Inc:Announces that it has executed a definitive agreement to acquire all of the issued and outstanding capital stock of privately held Citadel Plastics Holdings, Inc., for $800 mln.  Full Article

A. Schulman to buy specialty plastics maker for $800 million

- Specialty chemical maker A. Schulman Inc said it would buy privately held Citadel Plastics Holdings Inc for $800 million to expand its specialty business that makes moldable plastics.

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