Brenntag : Takeover talks with Univar confirmed - surprising, bold but accretive if priced reasonable – Cap. increase overhang may weigh, though. Down to Neutral
>Brenntag confirms preliminary discussions with Univar on acquisition, together the global #1 would still leave 92% of the market to others - Following a Bloomberg report on Friday evening, Brenntag confirmed preliminary discussions regarding the potential acquisition of Univar, with Bloomberg adding that talks are at a very early stage and that it may take months to decide whether to proceed with a potential deal. Brenntag's € 10.6bn market cap is 2x Univar's € 4....Brenntag is a chemical distributor. Co. provides its customers and suppliers a range of services and global supply chain management as well as a chemical distribution network in Europe, North and Latin America as well as in the Asia Pacific region. Co. manages its business through its regionally structured segments in Europe, North America, Latin America and Asia Pacific. Co. provides a range of products as well as services such as just-in-time delivery, product mixing, blending, repackaging, inventory management, drum return handling as well as technical and laboratory services for specialty chemicals.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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