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Elementis PLC (ELM.L)

ELM.L on London Stock Exchange

171.90GBp
13 Dec 2018
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Tue, Sep 11 2018

Elementis to pay less for Mondo after investor backlash

British specialty chemicals company Elementis has struck a deal to buy Mondo Minerals for $100 million less than initially agreed following criticism of the original price from its shareholders.

UPDATE 2-Elementis to pay less for Mondo after investor backlash

* Company cuts rights issue to $230 mln from $280 mln (Adds share fall, reason for price revision)

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

Sept 11 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.

UPDATE 1-British chemical maker Elementis to buy talc producer Mondo Minerals

June 29 Speciality chemicals company Elementis Plc said on Friday it would buy Mondo Minerals from U.S. private equity firm Advent International for an enterprise value of $600 million to expand into talc additives used in a range of products from plastics to cosmetics.

UK's Elementis to buy Netherlands' Mondo for enterprise value of $600 mln

June 29 Speciality chemicals company Elementis Plc said on Friday it would buy Netherlands-based Mondo Minerals B.V. from Advent International for an enterprise value of $600 million on a cash and debt basis.

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