Allnex offer for Nuplex within independent valuation range, including control premium, Grant Samuel says

Jonathan Underhill
Mon, 13 Jun 2016

By Jonathan Underhill June 13 (BusinessDesk) - Allnex Belguim SA's $1.05 billion offer for Nuplex Industries falls within the independent valuation range for the resins maker, prompting the target's board to reiterate its unanimous backing  for the deal. Grant Samuel’s assessment values Nuplex's business operations in a range of $1.12 billion to $1.20 billion, or between $5.36 and $5.86 per share. Allnex, which is controlled by Boston private equity firm Advent International, has offered $5.43 a share plus the interim dividend of 12 cents...

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