24th Feb 2021 08:55
(Alliance News) - Synthomer PLC on Wednesday said it is not in talks for a possible offer after Bloomberg reported an approach from private equity firm CVC Capital Partners.
FTSE 250-listed chemicals firm Synthomer responded to this, confirming that "it is not in discussions regarding a possible offer for the company."
This followed Tuesday's Bloomberg article which stated that CVC had been "exploring a bid" for Synthomer and had made an initial approach. Bloomberg said the people it has spoken to had requested not to be identified since it was private information.
One of the people Bloomberg had spoken to said that the parties were not holding any negotiations at present.
https://www.bloomberg.com/news/articles/2021-02-23/cvc-is-said-to-weigh-bid-for-3-billion-chemical-maker-synthomer
Shares in Synthomer were down 3.3% at 461.70 pence in London on Wednesday morning.
By Anna Farley; [email protected]
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