Cytec: The Market Is Missing Its Divestiture Plans
Cytec Industries: An Undervalued Stock With High Growth Potential
Dec. 3, 2015, 8:48 AM
- Solvay (OTCPK:SVYZY) has launched a share issue to existing shareholders to complete funding for the $5.5B purchase of Cytec Industries (NYSE:CYT).
- Existing shareholders will receive the right to buy one new share at 70.83 euros for every four existing shares.
- The rights subscription period will last until Dec. 15. with settlement on or around Dec. 21.
- Previously: EU clears Solvay-Cytec deal with conditions (Dec. 02 2015)
Dec. 2, 2015, 9:03 AM
- The European Commission has approved Belgian chemical group Solvay's (OTCPK:SVYZY) planned $5.5B purchase of Cytec Industries (NYSE:CYT).
- The decision is conditional on Solvay divesting activities in phosphor-based solvent extraction, used in the mining sector to separate cobalt from nickel.
- Previously: Solvay to buy Cytec (Jul. 29 2015)
Oct. 22, 2015, 5:07 PM
- Cytec (NYSE:CYT): Q3 EPS of $0.90 beats by $0.09.
- Revenue of $497.3M (-1.9% Y/Y) misses by $28.67M.
Oct. 21, 2015, 5:35 PM
- ACTG, ALGN, ALTR, AMZN, ATHN, BAS, BCR, BJRI, BYD, CHE, COF, CYN, CYT, DV, EGHT, ETFC, FET, FII, FSL, FTNT, GHL, GIMO, GOOG, HBHC, HURN, IG, JNPR, LHO, LOGM, LSTR, MKTO, MSFT, MXIM, N, NTGR, P, PACB, PEB, PFG, QLGC, QLIK, QSII, RMD, SHOR, SIVB, SKX, SMCI, SPNC, SRCL, SWN, SYK, SYNA, T, TRN, UCTT, VRSN, WRE
Oct. 20, 2015, 10:02 AM| Oct. 20, 2015, 10:02 AM
Jul. 29, 2015, 12:45 PM
Jul. 29, 2015, 9:13 AM
Jul. 29, 2015, 3:01 AM
- Belgian chemical group Solvay (OTCPK:SVYZY) has agreed to buy Cytec Industries (NYSE:CYT) for $6.4B, including debt, to become the world's second-largest maker of aerospace composite materials.
- The Belgian group will finance the transaction with a €1.5B ($1.66B) rights issue, €1B of hybrid instruments and a senior debt issue.
Jul. 16, 2015, 4:41 PM
- Cytec (NYSE:CYT): Q2 EPS of $0.81 misses by $0.04.
- Revenue of $508M (-3.6% Y/Y) misses by $43.73M.
Jul. 15, 2015, 5:35 PM
Apr. 16, 2015, 4:40 PM
- Cytec (NYSE:CYT): Q1 EPS of $0.82 beats by $0.09.
- Revenue of $515M (+5.3% Y/Y) beats by $1.44M.
- Shares +2.96%.
Apr. 15, 2015, 5:35 PM
Jan. 27, 2015, 4:57 PM
- Cytec (NYSE:CYT): Q4 EPS of $0.66 beats by $0.05.
- Revenue of $485M (+1.1% Y/Y) misses by $13.17M.
Jan. 26, 2015, 5:35 PM
Oct. 16, 2014, 4:46 PM
- Cytec Industries (NYSE:CYT): Q3 EPS of $0.74 beats by $0.02.
- Revenue of $507M (+9.3% Y/Y) beats by $5.02M.
Oct. 15, 2014, 5:35 PM
Cytec Industries Inc is a specialty materials and chemicals company. It is engaged in developing, manufacturing and selling value-added products. It offers aerospace materials, industrial materials, in process separation, and additive technologies.
Sector: Basic Materials
Industry: Specialty Chemicals
Country: United States
Other News & PR