Credit Suisse analyst John Roberts downgraded Diversey to Neutral from Outperform with a price target of $8.40, down from $9, after the company announced that it has reached a definitive agreement to be acquired in an all-cash transaction by Platinum Equity-owned Solenis for $8.40/share. The deal is expected to close in the second half of 2023 and the firm doesn’t expect any regulatory issues or competitor bids.
Published first on TheFly
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- Diversey price target raised to $8.40 from $5.80 at BMO Capital
- Diversey downgraded to Equal Weight from Overweight at Morgan Stanley
- Diversey Blasts Up on Buyout News
- Diversey will not provide financial guidance, host earnings conference call
- Diversey to be acquired by Solenis for $8.40 per share in cash
