September 11, 2018 / 6:19 AM / 3 months ago

British chemical maker Elementis to pay $100 mln less for Mondo Minerals

Sept 11 (Reuters) - Speciality chemicals company Elementis Plc on Tuesday said it would buy Mondo Minerals from U.S. private equity firm Advent International for an enterprise value of $500 million, lower than the $600 million price tag it had agreed in June.

“Following engagement with our shareholders, we have agreed terms of a revised deal with Advent that we believe represents compelling value,” Chief Executive Office Paul Waterman said.

Reporting by Noor Zainab Hussain in Bengaluru; Editing by Amrutha Gayathri

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below