Information  X 
Enter a valid email address

Elementis PLC (ELM)

  Print      Mail a friend       Annual reports

Wednesday 09 May, 2001

Elementis PLC

Termination of discussions

Elementis PLC
9 May 2001


ELEMENTIS plc

ELEMENTIS TERMINATES DISCUSSIONS WITH POTENTIAL PURCHASERS

The Board of Elementis announces that, following further discussions with
potential purchasers and certain major shareholders, it has concluded that
it is not possible at the present time to obtain an acceptable offer for
Elementis.  Accordingly, it has terminated all discussions with potential
purchasers.

Commenting on today's announcement, Jonathan Fry, Chairman, said:

'We are naturally disappointed that, following the speculative approach from
a financial buyer and the subsequent in-depth marketing exercise, an
acceptable offer for the Company has not been forthcoming.  However,
Elementis has substantially refocused its operations over the last few years
into an international specialty chemicals group and has a strong portfolio
of businesses with market leading positions in a number of sectors.  Current
market conditions notwithstanding, we believe that our businesses remain
well placed for the future.  In the meantime, the Board will continue to
explore options to maximise shareholder value.'



Enquiries

Elementis plc                                          020 7398 1400
Lyndon Cole              Group Chief Executive
George Fairweather       Group Finance Director
Anna Passey              Head of Corporate Communications

Brunswick                                              020 7404 5959
Andrew Fenwick
Rupert Young