SOLVY - Hunstman To Acquire CVC Thermoset In Advanced Materials Bolt-On Deal
Quick Take
Huntsman Corporation (HUN) has announced the proposed acquisition of CVC Thermoset Specialties for $300 million in cash.
CVC Thermoset has developed specialized 'toughening, curing and other additives' used in coatings applications.
With the deal, HUN is paying a slight premium for a suite of offerings it can sell through its global network.
HUN’s stock appears bargain-priced from a DCF analysis, but I’m Neutral on it due to overall stock market volatility and uncertainties from the economic effects of the coronavirus.
Target Company
Moorestown, New Jersey-based CVC Thermoset was founded to develop