August 24, 2017 / 8:15 PM / a year ago

BRIEF-Platform Specialty Products announces intention to separate into two public companies

Aug 24 (Reuters) - Platform Specialty Products Corp

* Platform Specialty Products Corporation announces intention to separate into two public companies

* Platform Specialty Products Corp - ‍remain on track to deliver on our 2017 guidance and synergy and cost improvement plans​

* Platform Specialty Products Corp - ‍its intention to separate its agricultural solutions and performance solutions segments​

* Platform Specialty Products Corp - ‍expect separation to occur in 2018​

* Says ‍there has been interest from investors to put capital behind co's Ag business​

* Platform Specialty Products says it would expect equity to be raised by new Ag entity to support its balance sheet​

* Platform Specialty Products -following strategic review believe best way to maximize value is by separating agricultural business as standalone public company Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below