UPDATE: Nuplex takeover process could take until June/July to finalise, CEO Severin says

Thu, 18 Feb 2016

(Adds CEO and analyst comments) By Fiona Rotherham Nuplex Industries chief executive Emery Severin says it’s likely to take until June or July to finalise a takeover proposal from US-based Allnex Belgium SA, which offers investors the choice of a premium on the current share price or waiting for promised returns in two years from its Asian growth strategy and new coating technology Acure. Allnex, which is controlled by Boston private equity firm Advent International, is offering $5.55 a share for Nuplex, valuing the specialty chemicals...

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