|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||148.70 - 156.70|
|52-week range||59.05 - 165.78|
|Beta (5Y monthly)||2.40|
|PE ratio (TTM)||N/A|
|Earnings date||26 Jul 2021 - 30 Jul 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||30 Apr 2020|
|1y target est||3.33|
Innospec said it had sought support from the London-listed company's board for its offer that would have valued Elementis at about 929.3 million pounds. Elementis on Tuesday confirmed that it received Innospec's conditional cash-and-stock proposal on March 31, adding that it significantly undervalued the company. The 175-year-old London-based company said the proposal was less attractive for its shareholders as a substantial amount of it was in the form of Innospec shares.
Shares in Elementis rose 7.7% to 105.5 pence by 1028 GMT, below the 107 pence per share offer. Elementis' board unanimously rejected the proposal, saying it significantly undervalued the company and its future prospects. New York-based Mineral Technologies, which approached Elementis earlier in the month, said it was currently considering its position on a possible proposal for the British firm.
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...