|Bid||28.110 x 800|
|Ask||28.070 x 800|
|Day's Range||27.210 - 28.390|
|52 Week Range||25.540 - 31.950|
|PE Ratio (TTM)||21.17|
|Earnings Date||Nov 1, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||35.38|
Univar's (UNVR) latest deal is projected to deliver $100 million of annual run rate cost savings by the third year following deal closure.
said after the market closed Monday that it will acquire Nexeo Solutions Inc. At $11.56 per Nexeo share, the deal represents a 15% premium over Nexeo shares' close at $10.01 on Monday. Nexeo shares were up 15% in after-hours trade.
Chemical distributor Univar Inc will acquire smaller rival Nexeo Solutions Inc for about $1.05 billion in a cash-and-stock deal to expand its presence in North America. The deal announced on Monday consists of $3.29 in cash and 0.305 Univar shares, with an implied value of $11.65 per Nexeo share, which represents a premium of 16.4 percent to the stock's last closing price. Nexeo's shares were up 15 percent at $11.51, while Univar was up marginally at $27.75 in extended trading.
Univar Inc. said Monday that it planned to acquire Nexeo Solutions Inc. for $2 billion in cash and stock, valuing the company at $11.65 a share. Nexeo shares closed at $10.01, and were halted early in the after-hours session ahead of the announcement. Nexeo, which distributes chemicals and plastics, was previously acquired for about $1.6 billion in 2016 by a company run by Wilbur Ross, who has since become the U.S. secretary of commerce. Under the terms of the deal, "We expect the transaction to be accretive to earnings and cash flow beginning in the first full year post closing and to generate $100 million of annual run rate cost savings by the third year following close and reduce annual capital expenditures by $15 million immediately," Univar Chief Executive David Jukes said in the announcement. Univar plans to pay 0.305 shares of Univar common stock and $3.29 in cash for each Nexeo share, and assume debt. The deal has been approved by the boards of both companies, and they expect it to close in the first half of 2019. Univar shares gained about 1% in late trading after detailing the deal, while Nexeo stock jumped 15% to approach the listed acquisition price after shares began trading again at 4:35 p.m. Eastern time.
The company reported their earnings per share as 71 cents, beating analysts' estimates of 69 cents a share. FedEx FDX shares decreased more than 2.5 percent in after-hours trading when it released its first quarter earnings report. Its earnings per share were $3.46, missing analysts' estimate of $3.81.
Transaction expected to be accretive to Univar Adjusted EPS beginning in the first full year following closing. Univar has hired an external advisor to evaluate strategic alternatives for Nexeo’s industry leading Plastics business, which may include a potential divestiture of the business.
- Transaction expected to be accretive to Univar Adjusted EPS beginning in the first full year following closing. - Univar has hired an external advisor to evaluate strategic alternatives for Nexeo's industry leading Plastics business, which may include a potential divestiture of the business.
Does the share price for Univar Inc (NYSE:UNVR) reflect it’s really worth? Today, I will calculate the stock’s intrinsic value by taking the expected future cash flows and discounting themRead More...
LONDON, Aug. 24, 2018 /PRNewswire/ -- Univar Inc. (UNVR) ("Univar"), a global chemical and ingredient distributor and provider of value-added services, announced today that its wholly owned subsidiary, Univar B.V., has reached an agreement with Kerry Ingredients & Flavours to distribute its taste portfolio in the UK, Ireland, Spain and Portugal. As an internationally recognized and trusted brand, Kerry provides the largest, most innovative portfolio of taste and nutrition technologies, systems and functional ingredients. "Working with Kerry marks the first time Univar has aligned our highly functional taste portfolio to be provided by a European manufacturer," said Simon Atkins, Univar's food ingredients industry director, EMEA.
DOWNERS GROVE, Ill., Aug. 9, 2018 /PRNewswire/ -- Univar Inc. (UNVR) ("Univar"), a global chemical and ingredient distributor and provider of value-added services, announces the launch of a new global digital hub at an official 'ribbon-cutting' ceremony at its Warrenville Campus facility. Featuring an innovative work space with over 100 digital experts, the facility focuses on developing a variety of industry leading and transformational digital solutions. The announcement of this new facility coincides with the inaugural Digital Day event for Univar's supplier partners that was held on August 2nd, 2018.
Short interest is extremely low for UNVR with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting UNVR. Over the last one-month, outflows of investor capital in ETFs holding UNVR totaled $208 million.
Univar (UNVR) delivered earnings and revenue surprises of -2.08% and 1.26%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Downers Grove, Illinois-based company said it had net income of 40 cents. Earnings, adjusted for non-recurring costs, came to 47 cents per share. The results fell short of Wall ...
Improved sales force execution and diligent cost management deliver near double digit Adjusted EBITDA growth; Gross margin and Adjusted EBITDA margin increased; Gross profit grew in all business segments ...
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DOWNERS GROVE, Ill., July 11, 2018 /PRNewswire/ -- Univar Inc. (UNVR) ("Univar"), a global chemical and ingredient distributor and provider of value-added services, announced today it plans to report financial results for the second quarter of fiscal 2018 on Wednesday, August 1, 2018. Univar plans to issue its second-quarter news release at approximately 6 a.m. EDT on August 1. At the same time, the company will post a slide presentation in the investor relations section of its website at http://investor.univar.com. In conjunction with the release, the company will host a webcast with investors to discuss the second-quarter results at 9:00 a.m. EDT on August 1. The webcast will be accessible through the investor relations section of Univar's website. Founded in 1924, Univar (UNVR) is a global chemical and ingredient distributor and provider of value-added services, working with leading suppliers worldwide. Supported by a comprehensive team of sales and technical professionals with deep specialty and market expertise, Univar operates hundreds of distribution facilities throughout North America, Western Europe, Asia-Pacific and Latin America.