Elementis: Activist investor calls for chemical firm’s chief to go amid ‘weak’ share price concerns Chemicals An activist investor in FTSE 250 firm Elementis has called for the removal of its chief executive as it becomes the latest shareholder to bemoan the chemicals group's "persistently weak" share price.
Takeover failure: UK’s Elementis rejects US private equity bid Private equity US private equity firm KPS Capital Partners has been rejected in its takeover offer for UK-listed chemical company Elementis. Elementis rejected a 160p per share takeover, with Reuters reporting that the firm’s board wanted around 180p. The firm is currently trading on 139p per share. Elementis has been under pressure for months from its shareholders [...]
Chemical giant Innospec ends Elementis pursuit as $1.3bn bid rejected Chemical giant Innospec ends Elementis pursuit as $1.3bn bid rejected US chemicals giant Innospec has today pulled out of its pursuit of FTSE 250 firm Elementis after a $1.3bn (£930m) bid for the firm was rejected. Last night Sky News reported that the US firm had tabled a bid for the fellow chemicals firm. In a statement after markets closed in the UK today, Elementis [...]
EU revokes Ciba and Elementis price-fix fines July 4, 2011 EU regulators have ditched antitrust fines levied two years ago against German chemicals company BASF’s Swiss unit Ciba, and British peer Elementis, citing a court ruling. “A judgment of the Court of Justice of 29 March in an unrelated case clarified the legal rules as to limitation periods for the imposition of fines by the [...]