|Bid||10.03 x 4000|
|Ask||0.00 x 1800|
|Day's Range||10.05 - 10.07|
|52 Week Range||5.48 - 10.70|
|Beta (3Y Monthly)||2.09|
|PE Ratio (TTM)||77.91|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Moody's Investors Service, ("Moody's") today affirmed Synthomer plc's (Synthomer) Ba2 Corporate Family Rating (CFR) and its Ba2-PD Probability of Default Rating. Concurrently, Moody's changed the outlook to negative from stable. "Synthomer's announced acquisition of OMNOVA Solutions Inc. (OMNOVA, B1 Stable) is a good strategic fit and improves the company's scale and geographic diversification.
OMNOVA Solutions Inc. (NYSE: OMN) said Wednesday that it has entered an agreement to be acquired by U.K. chemical company Synthomer plc for $10.15 per share in cash. "The offer price represents a premium of 52% over OMNOVA's three-month weighted average share price of $6.67,” Omnova CEO Anne Noonan said in a statement. The transaction is expected to close in late 2019 or early 2020 and has been approved unanimously by the OMNOVA and Synthomer boards.
Shares of Omnova Solutions Inc. soared 55% to pace all premarket gainers Wednesday, after the specialty chemicals company announced overnight a deal to be acquired by U.K.-based Synthomer PLC in a deal that values Omnova at $455.2 million. The rally puts Omnova's stock on track to open at the highest level seen during regular-session hours since September 2018. Under terms of the deal, Omnova shareholders will receive $10.15 in cash for each Omnova share they own, representing a 58% premium to Tuesday's closing price of $6.42. The deal is expected to close in late 2019 or early 2020. Separately, Omnova reported fiscal second-quarter earnings and sales that missed FactSet consensus estimates, citing challenging economic conditions and volatile markets. Omnova's stock has dropped 12.4% year to date through Tuesday, while the SPDR Materials Select Sector ETF has climbed 16.6% and the Dow Jones Industrial Average has advanced 14.8%.
Polymer maker Synthomer Plc said on Wednesday it has agreed to buy Omnova Solutions Inc for an enterprise value of $824 million in a bid to strengthen its global position. London-based Synthomer is offering Beachwood, Ohio-headquartered Omnova $10.15 for each share, a premium of 58% to Omnova's closing price on Tuesday. Shares of Synthomer fell 5% to 352.4 pence, making them the top loser on the FTSE 250 index.
On Tuesday, July 2, Omnova Solutions (NYSE: OMN ) will release its latest earnings report. Decipher the announcement with Benzinga's help. Earnings and Revenue Wall Street analysts see Omnova Solutions ...
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On a per-share basis, the Beachwood, Ohio-based company said it had a loss of 10 cents. Losses, adjusted for one-time gains and costs, were 6 cents per share. The chemical maker posted revenue of $168.9 ...
The most recent earnings release OMNOVA Solutions Inc.'s (NYSE:OMN) announced in November 2018 indicated that the company finally turned profitable after delivering losses on average over the past couple ofRead More...
The Beachwood, Ohio-based company said it had net income of 15 cents per share. Earnings, adjusted for non-recurring costs, were 17 cents per share. The chemical maker posted revenue of $191.3 million ...
Today we'll look at OMNOVA Solutions Inc. (NYSE:OMN) and reflect on its potential as an investment. To be precise, we'll consider its Return On Capital Employed (ROCE), as that will Read More...
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Let's see if OMNOVA Solutions Inc. (OMN) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
Omnova (OMN) delivered earnings and revenue surprises of -18.18% and 0.34%, respectively, for the quarter ended August 2018. Do the numbers hold clues to what lies ahead for the stock?
The Beachwood, Ohio-based company said it had a loss of 4 cents per share. Earnings, adjusted for non-recurring costs, came to 18 cents per share. The results fell short of Wall Street expectations. The ...