Synthomer PLC to Acquire OMNOVA Solutions Inc for £654 Million and £204 Million Rights Issue Call Transcript
Good morning, everyone. Pleasure to be here today after having sat in this room many times before and talked about acquisitions that we haven't done and the reasons why we haven't done them, but still with the ambition to do things. So it's actually nice to be coming to you and telling you that we are doing a deal today or we've announced a deal today.
So thank you all for coming along. I'd say thank you for joining such short notice, following this morning's announcement that we've successfully reached an agreement to acquire OMNOVA Solutions, a U.S.-based speciality chemical company.
As usual, I'm with Steve Bennett and Tim Hughes. And once we've gone through the presentation, we'll go into Q&A.
Starting with the key highlights of today's news, the acquisition of OMNOVA represents a step change for Synthomer, but one that equally provides a low-risk investment opportunity and high synergy potential. OMNOVA has been on our radar for several years. We've been patient and waiting for the right time and price to
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
