Cookson Group (CKSNY) shareholders overwhelmingly approved the planned demerger of the company’s performance material division, Alent, at the shareholder meeting earlier this week. What a surprise! The demerger will be effective on December 19th and Cookson shareholders will receive one share of Alent and one share of the newly named Vesuvius for every share of Cookson owned. Both… Read More »
Just a few months after initiating a strategic review of its options, Cookson (LSE:CKSN) got the go ahead from its largest shareholder to proceed with a spinoff of its performance materials division. The new company will be named Alent plc and become a leading ‘global supplier of advanced surface treatment plating chemicals and electronics assembly materials’. This isn’t… Read More »
Looking across the pond, industrial group Cookson (LSE:CKSN) announced that it has hired an investment bank to examine the possibility of spinning off its electronics division. The unit, which is now known as ‘Performance Materials’, makes components for gadgets such as the iPad and according to some analysts has “few, if any” synergies with the company’s larger ceramics… Read More »