11 Oct 2019 07:00
Synthomer plc (the 'Company')
Omnova shareholders vote in favour of Synthomer's proposed acquisition
Synthomer notes yesterday's announcement by OMNOVA Solutions Inc. that its shareholders have voted overwhelmingly in favour to approve Synthomer's proposed acquisition. Shareholders from both companies have now voted in favour of the proposed transaction that was originally announced on 3rd July 2019.
The transaction received regulatory clearance from US authorities in August and remains subject to merger clearances from the European Commission and in Turkey, the processes for which are ongoing.
The Company continues to target completion of the transaction in late 2019, however, there can be no assurances regarding the timing of regulatory clearances which could delay completion to early 2020 and a further announcement will be made in due course.
ENQUIRIES:
Calum MacLean, Chief Executive Officer | Tel: 01279 436211 |
Stephen Bennett, Chief Financial Officer | Tel: 01279 436211 |
Tim Hughes, President, Corporate Development | Tel: 01279 436211 |
Charles Armitstead, Teneo | Tel: 020 3603 5220 |
- ENDS -
Synthomer (SYNT)