Offbeat Covestro shares give wings: Apollo is probably considering bid for DAX group Covestro - Covestro rejects

12:05  18 september  2020
12:05  18 september  2020 Source:   finanzen.net

Bloc Québécois Leader Yves-Francois Blanchet tests positive for COVID-19

  Bloc Québécois Leader Yves-Francois Blanchet tests positive for COVID-19 OTTAWA — Bloc Québécois leader Yves-Francois Blanchet has tested positive for COVID-19. Blanchet says in a statement that he feels healthy and will stay in isolation at his Shawinigan, Que., home until Sept. 26. Quebec's public health rules say a person who tests positive but doesn't have serious symptoms must stay isolated for 10 days. Blanchet's wife, Nancy Déziel, tested positive for the illness earlier this week. He said he would be tested as a precaution. The Bloc leader was already in self-isolation, along with much of his caucus and other aides, after a staff member contracted COVID-19. This report by The Canadian Press was first published Sept. 18, 2020.

Covestro – leading in polymer materials. Covestro creates materials the world relies on every day. Our high-tech polymers are used in nearly every area of modern life and in a wide range of industries: Automotive, construction, healthcare, cosmetics, energy, electronics, sports and leisure.

Get today's Covestro ADR stock price and latest COVTY news as well as Covestro ADR real-time stock quotes, technical analysis, full financials and more. This is the main Covestro ADR stock chart and current price. You can find more details by going to one of the sections under this page such as

The plastics group Covestro has apparently been targeted by financial investor Apollo Global Management.

DANIEL ROLAND/AFP/Getty Images © Provided by Finanz.net DANIEL ROLAND / AFP / Getty Images

But a deal may not work: A company spokesman said on Friday morning on request that the DAX company is currently not in takeover discussions with the New York private company Equity house. However, this did not affect the takeover fantasies on the stock exchange. The Covestro share climbed in early trading via XETRA at times with a price increase of more than nine percent to a high since May 2019 - but recently the shares came back somewhat and were quoted at EUR 47.54.

Here’s Who’s Winning the 2020 Tour de France After Stage 19

  Here’s Who’s Winning the 2020 Tour de France After Stage 19 Primož Roglič has just one obstacle left to his victory in Paris: Saturday’s individual time trial with a summit finish.

Covestro AG is a German company which produces a variety of polyurethane and polycarbonate based raw materials. Products include isocyanates and polyols for cellular foams

For example, Covestro is constantly working on increasing the share of alternative resources in the production of its plastics – but only if this really does help the environment. Should the process require additional energy, or the production or transport of the alternative resources release more CO2 than

On Thursday evening, the Bloomberg news agency, citing people familiar with the matter, reported that Apollo had contacted the Leverkusen-based materials manufacturer about a possible takeover in the past few weeks. The considerations are still at an early stage and a deal is by no means certain, it said. The Covestro spokesman did not want to comment on this and merely stated that there was regular dialogue about possible strategic options.

Apollo is one of the largest private equity firms in the world. Billionaire Leon Black, who founded Apollo and is still running today, is behind the venture capital and investment company. In the plastics industry business, Apollo is not a blank slate. The takeover of the Dutch LyondellBasell Industries and the subsequent exit in the first half of the decade was so lucrative for the investor that it was hailed as one of the biggest deals of all time by industry experts.

Creative Arts Emmys: ‘The Last Dance’, Dave Chappelle, ‘SNL’ & RuPaul Lead Night 5; ‘Mandalorian’, ‘Watchmen’ Tie For Most Awards Overall: Complete List

  Creative Arts Emmys: ‘The Last Dance’, Dave Chappelle, ‘SNL’ & RuPaul Lead Night 5; ‘Mandalorian’, ‘Watchmen’ Tie For Most Awards Overall: Complete List After five ceremonies over six nights, the history-making 2020 Creative Arts Emmy Awards are history. The virtual shows wrapped Saturday with statuettes handed out in 29 categories. Check out the list of tonight’s winners below along with all of this week’s trophy-hoarders. HBO and Netflix came away tied with 19 wins apiece overall, including juried awards. HBO’s Watchmen and Disney+’s The Mandalorian scored with the most wins for an individual program with seven each.

Covestro opts for a strong community in an open innovation culture to achieve the best results together with external partners. Community is the root of strength. This also holds true for the field of research and development. We know that we can achieve the most innovative results by joining diverse

Write your thoughts about Covestro ADR. Your status will be reviewed by our moderators. Please wait a minute before you try to comment again. What is your sentiment on Covestro ADR?

It should not be a coincidence that Apollo has been keeping an eye on the specialist for hard plastics, foams and paint additives right now, of all times. Covestro recently missed relegation from the first Dax league - thanks to a price rally that came just in time for the regular index review date in early September. Previously, the group had fallen so far in terms of market value and trading activity that it looked as if Covestro would have to vacate its place in the Dax in favor of the flavor manufacturer Symrise or the biotech company QIAGEN after only two and a half years.

Covestro was floated on the stock exchange in October 2015 by the then parent company Bayer . However, the value of the shares has halved since the beginning of 2018, the trigger for the price decline of the Covestro share was the weak business development in recent years. Because at the beginning of 2018, an extraordinarily strong period for Covestro slowly came to an end.

DAX goes higher in trading

 DAX goes higher in trading After the sell-off on the previous day, the German stock market heralds a cautious countermovement on Tuesday. © Provided by Finanz.net DANIEL ROLAND / AFP / Getty Images The DAX started the Tuesday session with a gain of 0.7 percent at 12,629.71 points. Sell-off the day before The day before, the leading index slipped by more than 4 percent for fear of investors of the rising wave of corona infections.

Write your thoughts about Covestro AG. Are you sure you want to delete this chart? Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

Get today's Covestro AG stock price and latest 1COV news as well as Covestro real-time stock This is the main Covestro AG stock chart and current price. You can find more details by going to one of We encourage you to use comments to engage with users, share your perspective and ask questions

Above all, the weakness of the auto industry, with which the company achieves around a fifth of sales, hit the group. The polycarbonate division, which develops hard plastics, was particularly hard hit. After a significant drop in profits in 2019, the corona crisis will hit the office in 2020. After only a small profit in the first quarter, there was even a loss in the second quarter.

Covestro is therefore a strategically interesting takeover target for Goldman analyst Georgina Iwamoto. In a study available on Friday, however, she did not want to make a judgment about the probability of success for a possible takeover of the German group by Apollo. Iwamoto reminded that Apollo was blown off in 2007 with an offer for Covestro industry colleague Huntsman.

/ tav / ssc / menFRANKFURT (dpa-AFX)

Flawless: The essential Beyoncé playlist .
Sept. 4 could easily be a national holiday since it's the day BeyHive members celebrate the born day of their queen, Beyoncé. It's hard to believe Beyoncé has been gracing the music industry for the past two decades with not only establishing longevity and relevance but by also becoming one of the biggest musicians of all time.

usr: 0
This is interesting!