June 29, 2017 / 8:35 PM / in 24 days

BRIEF-Polyone signs agreement to divest Designed Structures and Solutions for $115 mln

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June 29 (Reuters) - Polyone Corp:

* Polyone signs agreement to divest designed structures and solutions

* Deal for $115 million

* Says proceeds from sale will be used to pay down short term borrowings and fund ongoing growth initiatives

* Will sell its designed structures and solutions business to arsenal capital partners

* Says anticipates an after-tax charge of $220 million in q2 Source text for Eikon: Further company coverage:

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