Polypore Signs Definitive Agreements for Sale of the Company
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Baird Downgrades Polypore International (PPO) to Underperform
February 23, 2015 3:43 PM ESTBaird downgraded Polypore International (NYSE: PPO) from Neutral to Underperform with a price target of $61.00 (from $48.00). The change follows recent M&A.
For an analyst ratings summary and ratings history on Polypore International click... More
Asahi Kasei to Acquire Polypore (PPO) for $60.50/Share
February 23, 2015 6:25 AM ESTPolypore (NYSE: PPO) has signed definitive agreements for the sale of the Company. In the merger agreement, Asahi Kasei Corporation, through a U.S. subsidiary, will purchase the Company for $60.50 per share in cash. As an integrated step in this transaction, immediately prior to Asahi Kasei's acquisition of Polypore, 3M Company (NYSE: MMM) will acquire the assets of Polypore's Separations Media segment for approximately $1.0 billion and Asahi Kasei will receive the cash proceeds from the asset sale. The definitive agreements require that the sale of the Company and the... More
