When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
KRA - Kraton: Getting More Interesting Following Cariflex Sale
Kraton Corporation
Kraton Corp. (KRA) announced quite a large divestiture which means that it is time to review the investment outlook for the company. The deal takes place at reasonable multiples and leverage will get addressed, yet an underperforming business is losing one of its high-quality assets, thereby impacting the positioning of the business. With leverage down and valuation multiples down a lot, I like the risk-reward, although this is far from a high quality business.
The Sale
Kraton will sell its Cariflex unit to Daelim Industrial in a $530 million deal which is set