Hexcel in takeover talks with Solvay - Street Insider

Nov. 11, 2020 10:25 AM ETHexcel Corporation (HXL), SOLVYHXL, SVYSF, SVYZY, SOLVYBy: Carl Surran, SA News Editor5 Comments
  • Hexcel (HXL +9.4%) pops to its highest in three months following a report from Street Insider that Belgian chemical company Solvay (OTCQX:SOLVY) is in talks to acquire the company.
  • The parties are in discussions which may lead to a deal, according to the report.
  • Update: Solvay denies any interest in Hexcel, saying it has not made an approach for the company.
  • Hexcel shares recently were hammered following a much wider than expected Q3 adjusted loss while revenues were chopped in half from a year earlier.

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