Innospec Inc.(IOSP)- NASDAQ
  • Wed, Aug. 3, 3:45 PM
    • Huntsman (HUN +3%) agrees to sell three European manufacturing plants for $225M to Innospec (IOSP +6.1%) to help pay off debt.
    • HUN says it is selling its surfactants plants in France, Italy and Spain, but that it remains dedicated to its surfactants business in the U.S. and Australia; surfactants are chemicals used to make detergents and other products, such as disperants, for cleaning up oil spills.
    • HUN says it plans to enter into supply and long-term tolling arrangements with IOSP to continue marketing some of the products.
    | Wed, Aug. 3, 3:45 PM | 2 Comments
  • Tue, Apr. 5, 10:59 AM
    • Chemtura (CHMT +2.8%) is upgraded to Overweight from Sector Weight at Keybanc Capital, which expects the company to benefit from higher bromine prices, improved manufacturing costs and a positive price/cost spread, and that margins in the petroleum additives business may hold up better than anticipated.
    • The firm thinks low growth opportunities in the end markets, robust balance sheets and low financing costs are triggering M&A activity in the specialty chemicals sector, and that CHMT and Innospec (IOSP +5.2%) could be buyers or sellers, and the two companies “should consider combining.”
    • M&A is a potential catalyst for both names, and "there are merits to the two linking up, strategically amassing greater collective scale and reorienting their combined portfolio toward more attractive end markets,” Keybanc says.
    | Tue, Apr. 5, 10:59 AM
  • Nov. 3, 2015, 4:41 PM
    • Innospec (NASDAQ:IOSP): Q3 EPS of $1.18 beats by $0.31.
    • Revenue of $254.2M (+11.4% Y/Y) misses by $8.5M.
    • Shares +1.15%.
    | Nov. 3, 2015, 4:41 PM
  • Dec. 3, 2012, 9:14 AM

    Chemical maker TPC Group (TPCG) -6.4% premarket after Innospec (IOSP) says it is withdrawing its takeover proposal. A bidding war looked to have been brewing, as IOSP's $47.50/share offer last month trumped an earlier $45 bid from P-E firms First Reserve and SK Capital Partners.

    | Dec. 3, 2012, 9:14 AM
  • Nov. 15, 2012, 8:24 AM

    Chemical maker Innospec (IOSP) raises its bid for TPC Group (TPCG) to $47.50/share, aiming to fend off a rival offer from P-E firms First Reserve and SK Capital. IOSP's earlier proposal was $44-$46. The offer continues to be supported by funds affiliated with Blackstone (BX), which will provide equity financing for the deal. TPCG +3.8% premarket.

    | Nov. 15, 2012, 8:24 AM
  • Nov. 8, 2012, 12:51 PM

    Innospec (IOSP -2.3%) slides after potential acquisition target TPC Group (TPCG) ended talks about a deal. TPC Group agreed to a revised private-equity buyout bid on Thursday.

    | Nov. 8, 2012, 12:51 PM
Company Description
Innospec, Inc. develops, manufactures, blends, markets and supplies fuel additives, oilfield chemicals, personal care and other specialty chemicals. It's products are sold primarily to oil refineries, personal care and fragrance companies, and other chemical and industrial companies throughout... More
Industry: Specialty Chemicals
Country: United States