Arkema ADROTCPK - Current
Thu, Apr. 14, 8:50 AM
- Calgon Carbon (NYSE:CCC) has made a binding offer to acquire the wood-based activated carbon and filter aid business of CECA, a subsidiary of Arkema Group (OTCPK:ARKAY), for €145.5M ($160.1M).
- The transaction, which is anticipated to close in the fourth quarter of 2016, is expected to be accretive to the company's fully diluted earnings per share in 2017, excluding purchase accounting adjustments.
- Calgon expects to finance the transaction through a combination of cash and debt.
- Now read Calgon Carbon Suffering From Headwinds But They Are Improving