On December 23, 2013, ATMI (NASDAQ:ATMI) confirmed my prior analysis that they would sell or monetize their fast growing LifeScience division.(see article here)The press release stated: "ATMI has agreed to sell its LifeScience unit to Pall Corp. (NYSE:PLL) in a deal worth $185M, after-tax proceeds will be $165M." The sale is part of ATMI's ongoing exploration of strategic alternatives. The assets of the LifeScience business include two Belgian sites and a shared facility in Minnesota.
In my prior analysis I used a year end 2014 target valuation of 220M for their LifeScience division, which would be worth about $7/sh. From the look of it, this deal was a good one for ATMI, The deal...
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