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United Kingdom

Elementis PLC (ELM.L)

ELM.L on London Stock Exchange

188.80GBp
15 Jan 2019
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0.90 (+0.48%)
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Tue, Sep 11 2018

Elementis to pay less for Mondo after investor backlash

British speciality chemicals company Elementis has struck a deal to buy Mondo Minerals for $100 million (76.8 million pounds) less than initially agreed following criticism of the original price from its shareholders.

Elementis to pay less for Mondo after investor backlash

British specialty chemicals company Elementis has struck a deal to buy Mondo Minerals for $100 million less than initially agreed following criticism of the original price from its shareholders.

UPDATE 2-Elementis to pay less for Mondo after investor backlash

* Company cuts rights issue to $230 mln from $280 mln (Adds share fall, reason for price revision)

British chemical maker Elementis to pay $100 mln less for Mondo Minerals

Sept 11 Speciality chemicals company Elementis Plc on Tuesday said it would buy Mondo Minerals from U.S. private equity firm Advent International for an enterprise value of $500 million, lower than the $600 million price tag it had agreed in June.

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