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Prices & Quotes - UK Markets - Elementis (ELM)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 148.20p
Change Today:
-4.10p
Market Cap:
862.06m
Sector:
Chemicals

Elementis rejects second takeover approach from Minerals Technologies

By Michele Maatouk

Date: Wednesday 25 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Speciality chemicals company Elementis has rejected a second, sweetened possible takeover offer from US-based Minerals Technologies.
Minerals Technologies upped its offer on Tuesday to 117p a share from 107p a share. This represents a premium of around 43% to the closing share price of Elementis on 4 November, which was the day before Minerals' initial approach.

The offer was rejected and Elementis has declined to enter into discussions, Minerals Technologies said.

"Minerals Technologies hopes to engage with the Elementis Board with the goal of proceeding to a recommended transaction that is highly attractive to Elementis' shareholders," it said, adding that it is considering its position.

"There can be no certainty that any firm offer will be made. However, any firm offer would be likely to be solely in cash," Minerals Technologies said.

The company has until 1700 GMT on 10 December to either announce a firm intention to make an offer or walk away.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Elementis Market Data

Currency UK Pounds
Price 148.20p
Change Today -4.10p
52 Week High 161.70p
52 Week Low 61.75p
Volume 547,927
Shares Issued 581.69m
Market Cap 862.06m

Performance Indicators

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Dividend Yield
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What The Brokers Say

Strong Buy 5
Buy 1
Neutral 3
Sell 1
Strong Sell 1
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Elementis Dividends

  Latest Previous
  Final Interim
Ex-Div n/a 05-Sep-19
Paid n/a 27-Sep-19
Amount 0.000¢ 2.80¢

Trades for 15-Jun-2021

Time Volume / Share Price
11:27 501 @ 148.20p
11:26 996 @ 148.40p
11:26 1,000 @ 148.40p
11:26 285 @ 148.30p
11:26 1,576 @ 148.30p

Elementis Key Personnel

Chair Andrew Duff
CEO Paul Waterman