Celanese Corp. (CE) Tops Q3 EPS by 6c
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October 19, 2016 8:57 AM EDT
Nomura Securities reiterated a Neutral rating on Celanese Corp. (NYSE: CE), and raised the price target to $77.00 (from $70.00), following the company's 3Q earnings report. CE reported EPS of $1.67, ahead of the consensus estimate of $1.61. Nomura sees CE's share price risks skewed to the... More
October 17, 2016 4:31 PM EDT
Celanese Corporation (NYSE: CE) announced it has signed a definitive agreement to acquire the Forli, Italy based SO.F.TER. Group, one of the worlds largest independent thermoplastic compounders. Celanese will acquire SO.F.TER. Groups comprehensive product portfolio of engineering thermoplastics (ETPs), thermoplastic elastomers (TPEs), as well as all customer agreements and all manufacturing, technology and commercial facilities.
The acquisition will nearly double the number of Celanese global engineered materials product platforms and further extend Celaneses world class leadership model, solutions capability and project pipeline. Additionally, SO.F.TER. Groups sophisticated... More
