- Entegris Inc (NASDAQ:ENTG) terminated its distribution deal with MacDermid Alpha Electronics Solutions in exchange for $200 million.
- MacDermid Alpha Electronics Solutions is a business unit of Element Solutions Inc (NYSE:ESI).
- Entegris received $170 million at the closing, and the remainder is expected to be paid after the transitionary period.
- The distribution agreement, signed in 2003, offered Entegris an exclusive right to distribute MacDermid Enthone ViaForm copper plating chemistries used in front-end chip-making electrochemical deposition processes.
- Entegris expects this transaction’s proceeds to contribute towards debt repayment.
- Last month, Entegris reported Q1 FY23 revenue of $922.4 million, beating the consensus of $892.67 million and adjusted EPS of $0.65 exceeded the Street estimates of $0.52.
- Price Action: ENTG shares are trading lower by 0.65% at $107.69 premarket on the last check Monday.
Reported Late Thursday, Kinsale Capital Group Announces Pricing Of ~$48.4M Public Offering Of 155,000 Shares Of Common Stock
Kinsale Capital Group, Inc. (NYSE:KNSL) ("Kinsale" or the "Company") today announced the pricing of its underwritten public offering of 155,000 shares of common stock. In addition, the Company has
