Evonik Acquires Huber Silica Business at Attractive Price
Evonik has agreed to acquire the precipitated silica business from J.M. Huber for $630 million. The boards of both companies have approved the deal, and closing is expected in the second half of 2017. Given the relatively small size of the transaction, we are maintaining our no-moat rating and EUR 30 fair value estimate. However, we view the acquisition favourably, given the attractive price paid for a moatworthy business.J.M. Huber’s silica business is expected to generate revenue of $300 mil...
Steag, through its subsidiaries, is engaged mainly in power generation and related industries. Co.'s business is divided into five units: Power generation, Decentralized Energy Supply, Foreign Power Plants, Gas Distribution, and Coal Trading.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.