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Platform Specialty Products Corp (PAH.N)

PAH.N on New York Stock Exchange

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7 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Platform Specialty Says UPL To Pay Termination Fee Of $168 Mln Under Some Circumstances
Friday, 20 Jul 2018 

July 20 (Reuters) - Platform Specialty Products Corp ::PLATFORM SPECIALTY PRODUCTS SAYS IF DEAL IS TERMINATED UNDER SOME CIRCUMSTANCES, UPL CORP TO PAY CO TERMINATION FEE OF $168 MILLION - SEC FILING.  Full Article

Platform Specialty Changes Name, Authorizes Share Repurchase For Up To $750 Mln
Friday, 20 Jul 2018 

July 20 (Reuters) - Platform Specialty Products Corp ::PLATFORM SPECIALTY PRODUCTS CORPORATION ANNOUNCES CORPORATE NAME CHANGE FOLLOWING COMPLETION OF THE SALE OF ARYSTA LIFESCIENCE, PROVIDES PRO FORMA FINANCIAL OUTLOOK AND ANNOUNCES AUTHORIZATION FOR UP TO $750 MILLION IN SHARE REPURCHASES.PLATFORM SPECIALTY PRODUCTS - EXPECTS NET CASH PROCEEDS FROM SALE OF ARYSTA, WHICH ELEMENT PLANS TO USE PRIMARILY TO PAY DOWN EXISTING DEBT.PLATFORM SPECIALTY PRODUCTS CORP - PLATFORM TO CHANGE ITS NAME TO ELEMENT SOLUTIONS INC. AT CLOSING OF ARYSTA TRANSACTION.PLATFORM SPECIALTY PRODUCTS - INTENDS TO MERGE ITS CORPORATE FUNCTIONS WITH THOSE OF ITS PERFORMANCE SOLUTIONS SEGMENT.PLATFORM SPECIALTY PRODUCTS CORP - EFFECTIVE AUGUST 15 2018, NICHELLE MAYNARD-ELLIOTT WILL JOIN PLATFORM BOARD.PLATFORM SPECIALTY PRODUCTS-SEES DIVESTITURE, REORGANIZATION TO GENERATE ABOUT $25 MILLION OF ESTIMATED ANNUAL RUN-RATE COST SAVINGS IN NEXT 12 TO 18 MONTHS.PLATFORM SPECIALTY PRODUCTS - ELEMENT EXPECTS PRO FORMA ADJUSTED EBITDA FROM CONTINUING OPERATIONS TO BE $450 MILLION TO $470 MILLION ON AN ANNUALIZED BASIS.  Full Article

Platform Specialty To Sell Arysta Lifescience For $4.2 Bln To UPL
Friday, 20 Jul 2018 

July 20 (Reuters) - Platform Specialty Products Corp ::PLATFORM SPECIALTY PRODUCTS CORPORATION ANNOUNCES SALE OF ARYSTA LIFESCIENCE.PLATFORM SPECIALTY PRODUCTS CORP - DEAL FOR $4.2 BILLION IN CASH.PLATFORM SPECIALTY PRODUCTS - CLOSING OF DEAL WILL MARK CULMINATION OF SEPARATION PROCESS ANNOUNCED BY PLATFORM IN AUG 2017.PLATFORM SPECIALTY PRODUCTS - AGREEMENT VALUES ARYSTA ON DEBT FREE, CASH FREE BASIS AND IS SUBJECT TO CUSTOMARY WORKING CAPITAL AND OTHER ADJUSTMENTS.  Full Article

UPL Ltd Says Unit To Acquire Arysta Lifescience Inc For $4.2 Bln
Friday, 20 Jul 2018 

July 20 (Reuters) - UPL Ltd ::SAYS UNIT SIGNED A DEFINITIVE AGREEMENT WITH PLATFORM SPECIALTY PRODUCTS CORPORATION TO ACQUIRE ARYSTA LIFESCIENCE INC.DEAL FOR $4.2 BILLION IN CASH.DEAL IS EXPECTED TO BE COMPLETED IN LATE Q3 OF FY 2019 OR EARLY Q4 OF FY 2019.TO FINANCE INVESTMENT, UPL CORP INTENDS TO USE A COMBINATION OF NEWLY ISSUED EQUITY AND DEBT..SAYS EXPECTED TO BE EPS ACCRETIVE BY 10 TO 12 RUPEES IN FY 2020.TRANSACTION IS BACKED BY A $1.2 BILLION EQUITY INVESTMENT FROM ADIA AND TPG.EXPECTS ANNUAL RUN-RATE SYNERGIES OF OVER US$200 MLN .UPL CORP GOT DEBT FINANCING COMMITMENTS OF $3 BILLION FOR BALANCE OF CONSIDERATION FROM MUFG BANK AND COOPERATIEVE RABOBANK U.A. (HK BRANCH).  Full Article

Platform Specialty Products Sees 2018 Capex Of About $100 Mln
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Platform Specialty Products Corp ::PLATFORM SPECIALTY PRODUCTS CORP - EXPECTS ADJUSTED EBITDA FOR 2018 TO BE IN RANGE OF $860 MILLION TO $890 MILLION.PLATFORM SPECIALTY PRODUCTS CORP - REAFFIRMS ITS 2017 ADJUSTED EBITDA GUIDANCE RANGE OF $810 MILLION TO $830 MILLION.PLATFORM SPECIALTY PRODUCTS CORPORATION ANNOUNCES PRELIMINARY 2018 FINANCIAL GUIDANCE.PLATFORM SPECIALTY PRODUCTS CORP - SEES 2018 CAPITAL EXPENDITURES OF APPROXIMATELY $100 MILLION.  Full Article

Platform Specialty Products Announces Final Results Of Cash Tender Offer
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Platform Specialty Products Corp ::PLATFORM SPECIALTY PRODUCTS CORPORATION ANNOUNCES FINAL RESULTS OF CASH TENDER OFFER AND CONSENT SOLICITATION FOR, AND COMPLETION OF THE REDEMPTION OF, ANY AND ALL OF ITS OUTSTANDING 10.375% SENIOR NOTES DUE 2021.  Full Article

Platform Specialty Products Corp Announces Pricing Of Tack-On Offering Of 5.875 Pct Senior Notes Due 2025
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Platform Specialty Products Corp ::PLATFORM SPECIALTY PRODUCTS CORPORATION ANNOUNCES PRICING OF TACK-ON OFFERING OF 5.875% SENIOR NOTES DUE 2025.PLATFORM SPECIALTY PRODUCTS CORP - TO SELL $250 MILLION AGGREGATE PRINCIPAL AMOUNT OF 5.875% SENIOR NOTES DUE 2025.PLATFORM SPECIALTY PRODUCTS - TO SELL AT ISSUE PRICE OF $1,000 PER $1,000 PRINCIPAL AMOUNT PLUS ACCRUED & UNPAID INTEREST FROM NOV 24 IN RELATION TO OFFERING.PLATFORM SPECIALTY PRODUCTS CORP - OFFERING HAS BEEN UPSIZED FROM PREVIOUSLY-ANNOUNCED AMOUNT OF $200 MILLION.PLATFORM SPECIALTY PRODUCTS CORP - ESTIMATES THAT GROSS PROCEEDS FROM SALE OF NEW NOTES WILL BE APPROXIMATELY $250 MILLION.PLATFORM SPECIALTY PRODUCTS - INTENDS TO USE PROCEEDS FROM OFFERING OF NEW NOTES TO REPAY A PORTION OF ITS EXISTING TERM LOANS UNDER CREDIT AGREEMENT.  Full Article

Platform Specialty Products Announces Launch Of Tack-On Offering Of 5.875% Senior Notes Due 2025
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Platform Specialty Products Corp ::PLATFORM SPECIALTY PRODUCTS CORPORATION ANNOUNCES LAUNCH OF TACK-ON OFFERING OF 5.875% SENIOR NOTES DUE 2025.PLATFORM SPECIALTY PRODUCTS - ‍INTENDS TO OFFER $200 MILLION AGGREGATE PRINCIPAL AMOUNT OF 5.875% SENIOR NOTES DUE 2025 IN A PRIVATE OFFERING​.PLATFORM SPECIALTY PRODUCTS - ‍INTENDS TO USE NET PROCEEDS FROM OFFERING TO REPAY PORTION OF EXISTING TERM LOANS.  Full Article

Platform Specialty Products announces closing of senior notes offering
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Platform Specialty Products Corp ::PLATFORM SPECIALTY PRODUCTS CORPORATION ANNOUNCES CLOSING OF SENIOR NOTES OFFERING.  Full Article

Platform Specialty Products announces pricing of senior notes offering
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Platform Specialty Products Corp :Platform Specialty Products Corporation announces pricing of senior notes offering.Platform Specialty - ‍to sell $550 million principal amount of 5.875% senior notes due 2025 at issue price of $992.12 per $1,000 principal amount​.Platform Specialty Products Corp - ‍estimates that gross proceeds from sale of notes will be approximately $546 million​.  Full Article

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Exclusive - Carlyle starts preparations for $5 billion listing of chemicals group Atotech: sources

FRANKFURT Buyout group Carlyle is starting preparations for a stock market listing of German speciality chemicals group Atotech, a former part of oil group Total which could be valued at around $5 billion (£3.92 billion), people close to the matter said.