Baird analyst Andrew Wittmann downgraded Diversey to Neutral from Outperform with an unchanged price target of $8.50. The company earlier this month announced an agreement to be acquired by Solenis for $8.40 per share in cash, expected to close in the second half of 2023, the analyst tells investors in a research note. The firm expects the transaction to close despite a 5% spread in shares to the deal price.
Published first on TheFly
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- Diversey Reports Fourth Quarter and Full Year 2022 Results
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- Diversey downgraded to Neutral from Outperform at Credit Suisse
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