Element Solutions Inc Announces Closing of the Acquisition of Kester and Successful Repricing of the Company’s Existing Term Loans
Element Solutions Inc. (ESI)
Last element solutions inc. earnings: 4/30 07:00 am
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Source: Business Wire
Closed $68 million acquisition of Kester, a global supplier of advanced assembly materials, from Illinois Tool Works Inc. Highly strategic acquisition adding scale and capabilities to Element Solutions’ market-leading assembly materials business Repriced $744 million Term Loan B to reduce borrowing cost by 25 basis points or approximately $2 million in annual interest expenseCumulative impact of these two transactions expected to be approximately 3% to 4% accretive to adjusted EPS in 2020 MIAMI--(BUSINESS WIRE)--Element Solutions Inc (NYSE:ESI) ("Element Solutions" or the “Company”), a global and diversified specialty chemicals company, announced today that it has closed its acquisition of Kester for approximately $68 million in cash from Illinois Tool Works Inc.Kester is a global supplier of advanced technology assembly materials used in electronics assembly and semiconductor applications. The business, with roots dating to 1899, has manufacturing facilities in the U.S. and German
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News
- Element Solutions Inc (NYSE: ESI) had its price target raised by analysts at BMO Capital Markets from $32.00 to $34.00. They now have an "outperform" rating on the stock.MarketBeat
- There's A Lot To Like About Element Solutions' (NYSE:ESI) Upcoming US$0.08 Dividend [Yahoo! Finance]Yahoo! Finance
- Element Solutions Inc to Participate in the UBS Global Technology and AI ConferenceBusiness Wire
- Element Solutions' (NYSE:ESI) Dividend Will Be $0.08 [Yahoo! Finance]Yahoo! Finance
- Element Solutions Inc Declares Q4 Dividend of $0.08 Per ShareBusiness Wire
ESI
Earnings
- 10/28/24 - In-Line
ESI
Sec Filings
- 11/14/24 - Form SC
- 10/29/24 - Form 10-Q
- 10/28/24 - Form 8-K
- ESI's page on the SEC website