Univar buyout could bring ‘substantial upside,’ says Deutsche Bank

Deutsche Bank analyst David Begleiter says that if Brenntag (BNTGY) is willing to pay what he believes Univar Solutions (UNVR) is asking, there could be "substantial upside" in Univar shares versus Friday’s close of $31. The analyst adds, however, that both customers and regulators are likely not excited at the prospect of the two leading U.S. and European chemical distributors merging.