Elementis Share Discussion Threads

[richjp] 20/4/2021 14:12

I suspect that this is still in play. That is the second bidder that has had a go now and there may well be others keeping an eye on what is going on. It's all a bit of a game.

A strong hold for me.

[csmwssk12hu] 20/4/2021 14:05

Thinking about it Elementis haven’t put a statement out, maybe that’s because they are in talks with someone else?

[csmwssk12hu] 20/4/2021 14:03

Only 7 million shares traded, seems bod where correct to reject 160, if 160 was all they were worth half the company would have changed hands today imho dyor

[kidknocked] 20/4/2021 13:45

So Kleinmann was sort of correct, but computer says no

[csmwssk12hu] 20/4/2021 13:38

The question is what price will they accept for a takeover

[demark] 20/4/2021 13:32

where are the bods' for this
billion pound outfit?

[tonysss13] 20/4/2021 13:31

Press Speculation Regarding Possible Offer for Elementis plc (“Elementis221;)

GlobeNewswire - Apr 20 09:22:40.125 EDT

Alert hits:Key
Symbols: NASDAQ-NMS:IOSP


ENGLEWOOD, Colo., April 20, 2021 (GLOBE NEWSWIRE) -- Innospec Inc. (“InnospecR21;), a global speciality chemicals company, notes the recent speculation with regard to a potential offer for Elementis plc.


On 31 March 2021, an approach was made by Innospec to the Board of Elementis. This approach was rejected by the Board of Elementis on 9th April 2021 and Innospec subsequently ceased active consideration on 15th April 2021.

The approach sought the support of the Elementis Board for a possible all share offer of 160p per Elementis share with a maximum 50% cash alternative with mix and match facility.

As a result of the rejection, Innospec is no longer currently considering this acquisition.

Innospec believes the combination of the companies would have created benefits for both sets of shareholders given the compelling strategic fit.

The Proposal would have enabled Elementis shareholders to share in future value creation substantially beyond the headline offer price through significant anticipated synergies and an expected re-rating of the Elementis business to Innospec’s materially higher valuation multiple.

Innospec remains highly focused on delivering value for its own shareholders. Innospec will only pursue transactions which meet its investment criteria and where it is appropriate to do so, taking into account the importance of maintaining a prudent capital structure under current economic conditions.

This is a statement to which Rule 2.8 of the Code applies.

[csmwssk12hu] 20/4/2021 13:31

They are in play now, 135 off one bidder 160 off another, soon someone’s going to get the nail on the head

[kidknocked] 20/4/2021 13:30

160p wasn't enough, so all good.

[spot1034] 20/4/2021 13:29

Third time lucky then.

[kidknocked] 20/4/2021 13:28

Press Speculation Regarding Possible Offer for Elementis plc ("Elementis")Source: GlobeNewswire Inc.Innospec Inc. ("Innospec"), a global speciality chemicals company, notes the recent speculation with regard to a potential offer for Elementis plc.On 31 March 2021, an approach was made by Innospec to the Board of Elementis. This approach was rejected by the Board of Elementis on 9th April 2021 and Innospec subsequently ceased active consideration on 15th April 2021.The approach sought the support of the Elementis Board for a possible all share offer of 160p per Elementis share with a maximum 50% cash alternative with mix and match facility.As a result of the rejection, Innospec is no longer currently considering this acquisition.Innospec believes the combination of the companies would have created benefits for both sets of shareholders given the compelling strategic fit.The Proposal would have enabled Elementis shareholders to share in future value creation substantially beyond the headline offer price through significant anticipated synergies and an expected re-rating of the Elementis business to Innospec's materially higher valuation multiple.Innospec remains highly focused on delivering value for its own shareholders. Innospec will only pursue transactions which meet its investment criteria and where it is appropriate to do so, taking into account the importance of maintaining a prudent capital structure under current economic conditions.

[kidknocked] 20/4/2021 13:27

Innospec offered 160p which was rejected by Elementis

[kidknocked] 20/4/2021 13:24

Sudden dive in share price sounds like elm are going to deny this. Oh well.

[kidknocked] 20/4/2021 13:23

I think just hold and be patient. Set up a trigger that alerts you when they release an RNS. Cheers

[venezuela45] 20/4/2021 13:22

IMO the stock market reaction tells the story here. The price is hovering around 155p which tells me there was likely an approach made (at less than the 200p quotes in the press...maybe around 165-170p?) which Elementis rejected and the market is now waiting to see if Inno will come back with another offer. There is no requirement for an announcement from either side and none looks forthcoming. If there is no new approach in the next few days the share price will slide back to around 140p.

[wildchild] 20/4/2021 13:20

Maybe. Always frustrating being a private investor, and last to know anything whatsoever.

[kidknocked] 20/4/2021 13:12

Has to be a joint announcement as it affects the stock price of each. Might be a tomorrow morning jobby now.

[kidknocked] 20/4/2021 13:12

Not heard that one before, sorry.

[wildchild] 20/4/2021 13:08

I thought companies were obliged to put out an announcement one way or another if their share-price was up over 10% in a day. ELM doesn't seem to want to tell us, maybe Innospec should.

[kidknocked] 20/4/2021 12:51

I'm also keeping an eye on Innospec news flow. They just issued a news release, but nothing to do with Elementis

[kidknocked] 20/4/2021 12:49

Still no RNS, but Mark Kleinmann is usually fairly accurate in his reporting. We will soon see.

[csmwssk12hu] 20/4/2021 10:27

Although the Nasdaq have reported it as well and I would find it strange going on there if it was not true

[tonysss13] 20/4/2021 10:27

Kleinman's rarely wrong, there is definitely something going on. But they could decide to finish talks because of the leak and say nothing

[csmwssk12hu] 20/4/2021 10:25

If there is no bid that’s the last time I believe anything on sky

[csmwssk12hu] 20/4/2021 10:24

They need to say something, is it 1.30 our time the Americans make market announcements?