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LYB

LyondellBasell

$107.47

0.7 (0.66%)

, SHLM

A. Schulman

$43.55

-0.05 (-0.11%)

06:51
03/21/18
03/21
06:51
03/21/18
06:51

FTC terminates HSR waiting period for LyondellBasell, A. Schulman acquisition

LyondellBasell (LYB) announced that the Federal Trade Commission, or FTC, granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, with respect to its pending acquisition of A. Schulman (SHLM). The termination of the waiting period under the HSR Act satisfies one of the conditions for the closing of the pending acquisition, which remains subject to other customary closing conditions, including approval by A. Schulman shareholders and the receipt of other required regulatory clearances and approvals. As previously announced on February 15, LyondellBasell and A. Schulman, a leading global supplier of high-performance plastic compounds, composites and powders, entered into a definitive agreement under which LyondellBasell will acquire A. Schulman for a total consideration of $2.25B. The transaction is expected to close in the second half of 2018.

LYB

LyondellBasell

$107.47

0.7 (0.66%)

SHLM

A. Schulman

$43.55

-0.05 (-0.11%)

LYB LyondellBasell
$107.47

0.7 (0.66%)

02/06/18
RHCO
02/06/18
NO CHANGE
Target $105
RHCO
Hold
LyondellBasell price target raised to $105 from $100 at SunTrust
SunTrust analyst James Sheehan raised his price target on LyondellBasell to $105 after the company's Q4 earnings beat in spite of the hurricane related costs. The analyst expects near-term pricing pressure in the U.S. to be modest with supply remaining tight, though he warns that the outages could moderate earnings in Q1. Sheehan keeps his Hold rating on LyondellBasell, saying valuation appears fair as the company turns its focus toward CAPEX growth and M&A.
02/08/18
SBSH
02/08/18
NO CHANGE
SBSH
Buy
DowDuPont added to Focus List after pullback at Citi
Citi analyst P.J. Juvekar added DowDuPont (DWDP) to his firm's Focus List citing the recent pullback in the shares. His top three picks in Chemicals are now DowDuPont, LyondellBasell (LYB) and Huntsman (HUN). Juvekar keeps a Buy rating on shares of DowDuPont.
02/16/18
MSCO
02/16/18
NO CHANGE
Target $130
MSCO
Overweight
Morgan Stanley says A. Schulman deal doesn't alter Lyondell's bigger M&A plans
Morgan Stanley analyst Vincent Andrews believes LyondellBasell's (LYB) acquisition of A. Schulman (SHLM) was well priced, increases the value and optionality of Lyondell's existing compounding business, likely has cost synergies upside and has the potential for revenue synergies. With all of that said, he also does not believe the deal has read through to LyondellBasell's larger scale M&A plans. Andrews reiterates his Overweight rating and $130 price target on LyondellBasell shares.
02/16/18
LBOW
02/16/18
DOWNGRADE
LBOW
Neutral
A. Schulman downgraded to Neutral from Buy at Longbow
As reported earlier, Longbow analyst Dmitry Silversteyn downgraded A. Schulman (SHLM) to Neutral from Buy after the company's stock price rose above LyondellBasell's (LYB) offer price. The analyst believes that investors' expectations of a higher bid may go unfulfilled and the upside in the stock price is limited, as any competing bid would have to top LyondellBasell's by at least $2 to compensate for the associated $50M break-up fee.
SHLM A. Schulman
$43.55

-0.05 (-0.11%)

02/16/18
LBOW
02/16/18
DOWNGRADE
LBOW
Neutral
A. Schulman downgraded to Neutral from Buy at Longbow
02/16/18
GABE
02/16/18
DOWNGRADE
Target $42
GABE
Hold
A. Schulman downgraded to Hold from Buy at Gabelli
Gabelli analyst Rosemarie Morbelli downgraded A. Schulman (SHLM) to Hold from Buy following the acquisition by Lyondell (LYB) for $42 per share in cash and one contingent value right per share saying she does not expect a higher bidder to emerge.

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PAC

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$105.45

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TCBK

TriCo Bancshares

$37.81

-0.09 (-0.24%)

16:46
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Earnings
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X

U.S. Steel

$37.65

0.61 (1.65%)

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EXPE

Expedia

$106.42

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BPMX

BioPharmX

$0.21

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TMST

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$17.13

0.34 (2.03%)

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X

U.S. Steel

$37.65

0.61 (1.65%)

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BPRN

Bank of Princeton

$33.87

-0.3 (-0.88%)

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FIX

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IMGN

ImmunoGen

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X

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AMKR

Amkor Technology

$9.12

0.31 (3.52%)

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Earnings
Amkor Technology reports Q1 EPS 4c, consensus 5c »

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BA

Boeing

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BOFI

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$42.65

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MAC

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LEG

Leggett & Platt

$42.75

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VRTX

Vertex

$158.95

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Earnings
Vertex backs FY18 product revenue $2.65B-$2.80B, consensus $2.78B »

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MAC

Macerich

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