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 with a focus on delivering innovative, sustainable, and value-creating products that are intrinsic to our daily lives. Trinseo is dedicated to making a positive impact on society by partnering with like-minded stakeholders, and supporting the sustainability goals of our customers in a wide range of end-markets including automotive, consumer electronics, appliances, medical devices, packaging, footwear, carpet, paper and board, building and construction, and tires. Trinseo had approximately $3.8 billion in net sales with 2,700 employees globally in 2019. For more information, please visit: www.trinseo.com.
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