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This amount is payable at closing, which is expected by Q3 2020.
January 3, 2020
By: Anthony Locicero
Copy editor, New York Post
Clariant agreed to sell its entire Masterbatches business to PolyOne. The transaction values the Masterbatches business at roughly $1.56 billion, representing c. 12.2 times the last twelve months reported EBITDA (ending September 2019) on a cash and debt-free basis. This amount is payable at closing, which is expected by Q3 2020. “This announcement is a significant milestone on our path to focussing on businesses with above-market growth, higher profitability and stronger cash generation. Aft...
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