Platform Specialty Products (NYSE:PAH) last week announced their intent to purchase Chemtura's AgroSolutions for nearly $1 billion. This is the first acquisition since the company re-listed in the US after the initial MacDermid acquisition last year. AgroSolutions fits well into Chairman Martin Franklin and CEO Daniel Leever's acquisition strategy for PAH. We will summarize the transaction, describe why we believe PAH's decision was a good one and what impact it will have on shareholders.
The ultimate goal of PAH is to build a world class/world scale specialty chemicals company. To achieve this goal the company has set in place a strict acquisition strategy to build upon quality operations and provide value for shareholders by focusing on the price...
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