Celanese: Appetite For Acquisitions Remains
Celanese(CE) Seeking Alpha·2024-03-11 08:36
castillodominici In an article called ‘the seed is planted, now watch returns grow’, the case was made Celanese (NYSE:CE) would grow returns after the acquisition of DuPont’s (DD) Mobility and Materials (M&M) and division. Against the backdrop of a challenging market environment, this acquisition did not yet bring what many hoped for. Or, as Robbert Quillen aptly noted decades ago: Good times are when people make debts to pay in bad times The acquisition was supposed to add approximately US$0.9Bn in EBI ...