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Monday, March 16, 2015

A Schulman to purchase Citadel Plastics for $800 mln, (NMS: SHLM)

Chemical maker A Schulman Inc said it would acquire privately held Citadel Plastics Holdings Inc, a specialty plastics maker, for $800 million. Citadel Plastics is owned by private equity firms HGGC and Charlesbank Capital Partners.

A. Schulman, Inc. is a supplier of plastic compounds, resins and services. Shares of SHLM fell by 0.61% or $-0.26/share to $42.06. In the past year, the shares have traded as low as $28.67 and as high as $43.21. On average, 152600 shares of SHLM exchange hands on a given day and today's volume is recorded at 142077.