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Alent deal overshadows results

The recent takeover offer for speciality chemicals group Alent has over-shadowed the company's latest set of half-year results.
July 31, 2015

Having agreed a bumper £1.35bn takeover from the US group Platform Speciality Products, the latest results from speciality chemicals company Alent (ALNT) aren't entirely meaningful. But until the deal (503p a share/49 per cent premium to the pre-bid closing price) gets the green light from international competition regulators, it’s worth giving the latest set of half-year figures a glance.

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Net sales value increased 1.9 per cent at constant currency, while stable pricing - and solid margins - kept adjusted pre-tax profits stable at £42.8m.