Nuplex directors unanimously back $1.05 billion Allnex bid

Sun, 10 Apr 2016

By Paul McBeth April 11 (BusinessDesk) - Nuplex Industries' independent directors are unanimously backing Allnex Belguim SA's $1.05 billion bid for the resins maker after the US-based firm completed its due diligence. The companies have signed a scheme implementation agreement, which values Nuplex at $5.55 a share, including the 12 cents per share dividend payment in February. That's a 44 percent premium to where the shares were trading before the Feb. 15 announcement and higher than the current price of $5.26, which gained 3.5 percent a...

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