UPDATE: Allnex Belgium makes 'attractive' proposal to buy Nuplex

Sun, 14 Feb 2016

(Adds investor comment, share price) By Jonathan Underhill Feb. 15 (BusinessDesk) - Allnex Belgium SA has proposed buying Nuplex Industries via a scheme of arrangement at a 44 percent premium to the New Zealand company's recent trading price, to create one of the world's largest makers of coating resins. Allnex, which is controlled by Boston, Massachusetts-based private equity firm Advent International, would offer $5.55 a share for Nuplex, valuing the target at $1.05 billion. The proposal is indicative, non-binding and conditional....

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