U.S. Markets close in 3 hrs 40 mins

Wired News – A. Schulman Finalizes Date for Special Meeting of Shareholders to Take Vote on Proposed Merger with LyondellBasell

LONDON, UK / ACCESSWIRE / April 20, 2018 / Active-Investors.com has just released a free research report on A. Schulman, Inc. (NASDAQ: SHLM). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=SHLM as the Company's latest news hit the wire. On April 18, 2018, the Company announced that it has finalized the date for the special meeting of its stockholders as June 14, 2018, to discuss and take a vote approving the proposed merger with LyondellBasell Industries N.V. (NYSE: LYB), and LYB Americas Holdco Inc., a wholly owned subsidiary of LyondellBasell. The record date for shareholders will be May 07, 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, A. Schulman and LyondellBasell Industries most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=SHLM

www.active-investors.com/registration-sg/?symbol=LYB

LyondellBasell had signed an agreement to acquire A. Schulman in February 2018 in a deal valued approximately $2.25 billion. The Board of Directors of A. Schulman have approved the merger and have recommended that its shareholders also vote in favor of the deal.

If the transaction is successful, A. Schulman's shareholders will get $42 cash plus and one contingent value right per share for each A. Schulman's share they own. The contingent value rights will entitle A. Schulman's shareholder to receive any proceeds, if any from the current ongoing litigation and government investigations relating to A. Schulman's Citadel and Lucent acquisitions. However, there are no guarantees about the recoveries.

The Company's shareholders at the close of record date, i.e. May 07, 2018, will be sent the notice for the special meeting of shareholders and will be able to cast their vote on the matter. The receipt of the approval from A. Schulman's shareholders will be an important milestone in closing the merger.

The Company expects that the merger would be completed in H2 2018 subject to receiving approvals from A. Schulman's shareholders, regulatory authorities, and completion of other closing conditions of the deal.

Highlights of the Merger

In February 2018, LyondellBasell signs an agreement to acquire A. Schulman for $2.25 billion including its debts. The deal is expected to create an industry leader in the premier Advanced Polymer Solutions business which will have a wide geographic footprint, industry leading technologies, and a diverse product portfolio.

The merger will create a company with a combined revenue of $4.6 billion and adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) of $446 million in the last 12 months period. LyondellBasell expects the deal to realize $150 million in run-rate cost synergies within two years of completing the deal. LyondellBasell also expects the deal to be accretive to its earnings within one year of closing the transaction.

The Board of Directors of both LyondellBasell and A. Schulman had approved the deal. The proposed merger has already been approved by the US Federal Trade Commission in March 2018, when it granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

About A. Schulman Inc.

Akron, Ohio-based A. Schulman is an international supplier of high-performance plastic compounds, composites and resins, which are used in a variety of markets. Its principal product lines consist of proprietary and custom-formulated engineered plastic compounds, engineered composites, color concentrates, and additives that improve the appearance, performance or ability to process plastics in several specialized applications. It focuses on services and products for the injection, extrusion, blown-film extrusion, rotational and blow moulding, and thermoforming industries. The Company operates facilities in the North America, Latin America, EMEA region, and Asia/Pacific regions and had plants, offices and technical centers at strategic locations across the globe.

About LyondellBasell Industries N.V.

LyondellBasell is one of the largest plastics, chemicals, and refining companies in the world. The Company produces materials and products which are critical in creating solutions for enhancing food safety via lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, and improving the safety, comfort, and fuel efficiency of many of the cars and trucks on the road. It has global presence with offices in Houston, US, London UK, Rotterdam, Europe, and Hong Kong, China as well as 55 manufacturing facilities in 17 countries. It has an employee strength of 13,000 people globally.

Stock Performance Snapshot

April 19, 2018 - At Thursday's closing bell, A. Schulman's stock marginally declined 0.46%, ending the trading session at $42.90.

Volume traded for the day: 247.88 thousand shares.

Stock performance in the last three-month – up 12.16%; previous six-month period – up 16.42%; past twelve-month period – up 44.20%; and year-to-date - up 15.17%

After yesterday's close, A. Schulman's market cap was at $1.27 billion.

Price to Earnings (P/E) ratio was at 41.13.

The stock has a dividend yield of 1.91%.

The stock is part of the Basic Materials sector, categorized under the Chemicals - Major Diversified industry. This sector was up 0.1% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors