El productor indio de agroquímicos UPL Ltd.está explorando una oferta de más de $4 mil millones para el negocio de agroquímicos de Platform Specialty Products Corp para expandir su presencia global, según personas familiarizadas con el asunto y un informe sobre Reuters.com.
The bid would challenge a rival offer for the unit by a private equity consortium of Blackstone Group LP and CVC Capital Partners Ltd, the sources said on Monday. A competitive bid would be a boon for Platform Specialty and its biggest shareholder, William Ackman’s hedge fund Pershing Square Capital Management LP, which owns 14.5 percent of the company.
Platform Specialty’s shares jumped as much as 6.4 percent after publication of the news. The shares were trading up 3.4 percent at $13.41 in New York on Monday in the early afternoon, giving the company a market capitalization of $3.8 billion.