Trinseo S.A. (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber today announced the final results of its tender offer, which expired at 5:00 p.m., New York City Time on April 25, 2016, in which Trinseo offered to purchase up to 1,165,000 of its ordinary shares at a price of $35.63 per share on the terms and subject to the conditions set forth in the Offer to Purchase. In accordance with the terms and subject to the conditions of the offer, Trinseo has accepted for purchase 38,702 of its ordinary shares at a price of $35.63 per share, for a total purchase price of $1,378,952.26. The Company conducted the tender offer in order to satisfy certain requirements of Luxembourg law following the repurchase by the Company of 1,600,000 ordinary shares as part of the secondary offering of the Company’s ordinary shares that was completed on March 24, 2016.
Payment for shares accepted for purchase will be made promptly by American Stock Transfer and Trust Company, the depositary for the tender offer.
The Company retained Okapi Partners LLC to act as information agent and American Stock Transfer and Trust Company, LLC to act as depositary in connection with the tender offer. Shareholders with questions regarding the tender offer may call the information agent toll-free at (855) 208-8903.
Trinseo (NYSE: TSE) is a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber. We are focused on delivering innovative and sustainable solutions to help our customers create products that touch lives every day — products that are intrinsic to how we live our lives — across a wide range of end-markets, including automotive, appliances, consumer electronics, medical devices, electrical, building and construction, textile, paper and board, footwear and tires. Trinseo had approximately $4.4 billion in net sales in 2017, with 16 manufacturing sites around the world, and approximately 2,200 employees. For more information visit www.trinseo.com
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