Inactive Instrument

PCAS

PCA

FR0000053514

PCAS: buoyed by offer for Canadian subsidiary

May 03, 2023 at 09:35 am EDT

PCAS jumped 11% following the announcement of a binding offer from Japanese chemical group DIC Corporation for the acquisition of PCAS Canada. PCAS and the potential buyer have agreed to continue exclusive negotiations.

The offer values PCAS Canada at an enterprise value of 88.2 million euros. PCAS will announce the outcome of the offer in due course, in accordance with applicable regulations.

PCAS Canada is a custom manufacturer of high quality materials, used in the formulation of photosensitive resins, anti-reflective products for microelectronics or as semiconductors for printed electronics.

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Latest news about PCAS

Orapi: takeover bid reopens on February 12	Feb. 09	CF
Orapi: 3.15 million shares tendered to the takeover bid	Feb. 02	CF
Orapi: takeover bid opens on December 27	Dec. 22	CF
PCAS: 200 ME capital increase	Dec. 18	CF
PCAS: OPAS to start this Friday	Nov. 03	CF
PCAS Announces the Consolidated Net Sales Results for the Month of September 30, 2023	23-10-24	CI
Progyny, Inc. : Want to have a baby?	23-10-16
PCAS: Seqens launches minority share offer	23-09-07	CF
PCAS SA Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-05	CI
PCAS SA Reports Consolidated Sales Results for the Period Ended June 30, 2023	23-07-27	CI
DIC Corporation completed the acquisition of PCAS Canada Inc. from PCAS SA.	23-05-31	CI
PCAS: sale of Canadian subsidiary confirmed	23-05-25	CF
PCAS to Divest Canadian Arm to Japan's DIC	23-05-25	MT
DIC Corporation agreed to acquire PCAS Canada Inc. from PCAS SA for an enterprise value of ?88.2 million.	23-05-24	CI
PCAS in Talks to Sell Canada Unit to DIC	23-05-08	CI
PCAS: buoyed by offer for Canadian subsidiary	23-05-03	CF
France's PCAS Enters Exclusive Talks for Canadian Unit Sale to Japan's DIC	23-05-03	MT
PCAS: larger net loss in 2022	23-03-31	CF
Global markets live: Airbus, Manchester United, EA, Credit Suisse, Warner...	23-03-30
PCAS SA Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-29	CI
PCAS: 21% increase in sales by 2022	23-02-07	CF
PCAS SA Reports Consolidated Net Sales Results as of December 31, 2022	23-02-07	CI
PCAS CEO Resigns; Acting Successor Named	22-11-28	MT
Pcas Sa Announces Executive Changes	22-11-28	CI
Pcas Appoints Mr. Jean-Louis Martin as Director	22-11-28	CI

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Company Profile

PCAS specializes in developing, manufacturing, and marketing fine and specialty chemicals. Sales are distributed by family of products as follows: - synthesized pharmaceutical products (63.5%); - fine chemicals (36.5%): technical fluids and additives for the lubricant industry, chemical additive synthesis. The group also offers photochemical and new technology products (photosensitive materials, photo-initiators, and polymers for photography, reprography, and micro-electronics). At the end of 2022, the group had 7 production sites located in France (5), Canada and Finland. France accounts for 76% of net sales.

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