August 24, 2017 / 7:09 PM / a year ago

EXCLUSIVE-Platform Specialty abandons agrochemicals unit sale -sources

Aug 24 (Reuters) - Platform Specialty Products Corp has decided to abandon the sale of its agrochemicals business after the offers it attracted failed to meet its valuation expectations of more than $4.5 billion, people familiar with the matter said on Thursday.

Platform Specialty may now pursue an initial public offering or spinoff of the agrochemicals business, said the sources, who asked not to be identified because the deliberations are confidential.

Platform Specialty did not immediately respond to a request for comment. (Reporting by Lauren Hirsch and Greg Roumeliotis in New York; Editing by Matthew Lewis)

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