Ashland Inc. announced on Tuesday that it will bid $3.2 billion for the acquisition of International Specialty Products Inc. to expand its market share in the high-growth personal care, pharmaceutical and energy markets. The report pointed out that Ashland’s current transaction is the latest high-margin specialty chemical after Berkshire Hathaway’s $9 billion acquisition of Lubrizol and Dow Chemical’s $15 billion acquisition of Rohm and Haas. Company acquisition transaction. Ashland said that the transaction is expected to be completed before the end of the fourth quarter and will help Ashland to immediately increase its earnings per share. The company said that the transaction will help the company improve its operational efficiency from the second year after completion, and will save more than 50 million US dollars annually. James O'Brien, chairman and chief executive of Ashland, pointed out that the deal "will expand Ashland's market share in high growth areas including skin, hair and oral care. These personal care specialties The size of the chemical product market exceeds 5 billion U.S. dollars.†He also pointed out that after the completion of the transaction, the company will double the size of these high-margin functional chemical component product markets. Ashland said the company will complete the transaction through available cash and loans from several banks. The banks that have committed to provide financing include Citigroup, Nova Scotia Bank, Bank of America Merrill Lynch and the National Association of Banks of America. This transaction requires the approval of regulatory agencies in the United States and the European Union. If the transaction ultimately fails to complete due to financing issues, the international specialty product company will receive a $413 million break-up fee.
Transparent Tape
Tape transparent is including white, yellow transparent adhesive tape, the thickness of packing tape is from 40 to 80 micron, the width is from 48 to 72mm, the length is 50 to 1000 yards, clear Sealing Tape use for caton and boxes sealing, packing tape is easy to handle, apply and cut, can be written upon it. We could according client's requirements, make custom tape.
Transparent Tape,Transparent Adhesive Tape,Transparent Double Sided Tape,Transparent Packaging Tape,Plastic Banding,Packing Tape Dongguan Yalan Packing Materials Co., Ltd. , https://www.yalanpack.com