Synthomer PLC - Essex-based chemicals company - Successfully raises GBP205 million from placing of 42.5 million shares at 485 pence each.
Earlier on Thursday, Synthomer announced the purchase of the adhesive resins business of Tennessee, US-based Eastman Chemical Co for USD1 billion in cash. The placing will help pay for the acquisition.
Current stock price: 494.20 pence
Year-to-date change: up 9.9%
By Eric Cunha; ericcunha@alliancenews.com
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Synthomer (SYNT)