|Bid||60.95 x 1200|
|Ask||67.00 x 800|
|Day's Range||63.33 - 64.68|
|52 Week Range||15.76 - 76.49|
|Beta (5Y Monthly)||1.64|
|PE Ratio (TTM)||321.95|
|Earnings Date||May 04, 2021 - May 10, 2021|
|Forward Dividend & Yield||0.32 (0.50%)|
|Ex-Dividend Date||Apr 07, 2021|
|1y Target Est||68.14|
The Zacks Analyst Blog Highlights: Westlake Chemical, Trinseo, JSR Corp, Covestro and Victrex
In the latest trading session, Trinseo (TSE) closed at $72.11, marking a -1.25% move from the previous day.
Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, today announced the pricing of both its offering of $450 million in gross proceeds of senior notes due 2029 (the "Notes") by its subsidiaries Trinseo Materials Operating S.C.A. and Trinseo Materials Finance, Inc. (together, the "Issuers") and of its $750 million of incremental term loan borrowings expected to be available under the Issuers’ existing senior secured credit facility ("Term Loan B Facility"). The net proceeds from the Notes offering and Term Loan B, together with available cash, will be used to pay the purchase price of the previously-announced acquisition of the polymethyl methacrylates (PMMA) and activated methyl methacrylates (MMA) business, through the purchase of shares of certain subsidiaries of Arkema S.A. (the "Acquisition"), in addition to fees and expenses related to the offerings and Acquisition.