SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Speculating in Takeover Targets
ULBI 7.030+2.5%Oct 31 9:30 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: richardred who wrote (1918)12/3/2010 1:39:26 AM
From: richardred  Read Replies (2) of 7239
 
PolyOne sells stake in BayOne Urethane to Bayer
PolyOne sells its 50-percent stake in BayOne Urethane Systems to Bayer; terms not disclosed

On Thursday December 2, 2010, 4:06 pm EST

CLEVELAND (AP) -- Plastics and resins maker PolyOne Corp. said Thursday it sold its 50 percent stake in BayOne Urethane Systems LLC to a unit of Germany's Bayer AG as it focuses on core assets.

PolyOne said Bayer MaterialScience LLC bought its stake in BayOne. Terms of the sale were not disclosed, but PolyOne said it collected its $25.6 million outstanding note receivable from Excel Polymers.

The company reported $2.2 million in equity earnings from BayOne in the first nine months of 2010.

Shares of PolyOne rose 2 cents to close at $13.
finance.yahoo.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext