DuPont to buy Laird Performance Materials from Advent for $2.3B

  • DuPont (NYSE:DD) agrees to acquire Laird Performance Materials from P-E firm Advent International for $2.3B, as it looks to expand its portfolio of advanced electronic materials.
  • Laird , which makes electromagnetic shielding products that manage heat and protect devices from electromagnetic interference. amassed $465M in revenues on 2020.
  • DuPont says it said it expects to realize $60M in pre-tax run-rate cost synergies by the end of 2024, with the majority realized in the first 18 months after the deal closes.
  • Separately, DuPont also approves a new $1.5B stock buyback program; the company had $1B remaining in a previous repurchase program.

    Dupont fundamentals

    Tomorrow the American company Dupont will publish its past quarters results. For this year the company, based in Wilmington revenue will be around 15.41 billion USD. This is according to the average of the analysts' estimates. This is hugely lower than 2020's revenue of 20.4 billion USD.

    Historical revenues and results Dupont plus estimates 2020

    historische koersen

    The analysts expect for 2021 a net profit of 1.88 billion USD. The majority of the analysts expects for this year a profit per share of 3.41 USD. Based on this the price/earnings-ratio is 22.49.

    Analysts expect a dividend of 1.23 USD per share. The dividend yield is then 1.6 percent. The average dividend yield of the chemical companies equals a poor 0.85 percent.

    Based on the current number of outstanding shares Dupont's market capitalization 56.64 billion USD. The Dupont stock was the past 12 months quite volatile. Since last March the stock is even 113 percent higher. This year the stock price moved between 28 and 87 dollar.

    Historical stock prices Dupont past 10 years

    historical stocks Dupont

    Click here for dividend Dupont. On Wednesday, the stock closed at 76.69 USD. Nieuwsdienst: +31 084-0032-842

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