KRATON CORPORATION SHAREHOLDERS APPROVE ACQUISITION BY DL CHEMICAL CO., LTD.
HOUSTON, December 9, 2021 / PRNewswire / – Kraton Corporation (NYSE: KRA) (âKratonâ), one of the world’s leading sustainable producers of specialty polymers and high-value bio-based products derived from pine pulp co-products, announced today that its shareholders approved the proposed acquisition of Kraton Corporation by DL Chemical Co, Ltd. (“DL Chemical”). Under the definitive merger agreement with DL Chemical, Kraton shareholders will receive $ 46.50 in cash for each Kraton common share they own.
“We are delighted that our shareholders voted overwhelmingly in favor of the merger with DL Chemical,” said Kevin M. Fogarty, President and CEO of Kraton. “We believe the transaction provides significant value to Kraton shareholders and that ownership of Kraton by DL Chemical will expand Kraton’s global reach and provide a broad platform for new investments and an expansion of Kraton’s product offering. Kraton for the benefit of the whole of Kraton. stakeholders. “
Kraton Corporation (NYSE “KRA”) is one of the world’s leading producers of specialty polymers and high-value performance products derived from renewable resources. Kraton polymers are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants and lubricants, and medical, packaging, automotive, paving and roofing. As the world’s largest supplier to the pine chemicals industry, the company’s specialty pine products are sold to the adhesives, roads, construction and tire markets. , coatings, fluids and lubricants for metalworking, inks and mining. Kraton offers its products to a diverse customer base in more than 70 countries around the world. Kraton, the Kraton logo and design are all registered trademarks of Kraton or its subsidiaries or affiliates.
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H. Gene Shiels
SOURCE Kraton Corporation