|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||27.02 - 27.02|
|52-week range||22.76 - 47.75|
|Beta (5Y monthly)||1.27|
|PE ratio (TTM)||27.86|
|Forward dividend & yield||0.99 (3.66%)|
|Ex-dividend date||02 Dec 2021|
|1y target est||N/A|
Johnson Matthey shares soar after US conglomerate buys stake. Shares in struggling British chemicals producer jump after fund linked to Standard Industries takes 5% stake
Standard Industries bought U.S.-based global specialty chemical company W. R. Grace & Co a year ago in a $4.63 billion deal. Standard's stake disclosure comes a few months after Johnson Matthey announced plans to sell or exit its battery materials business in November. "We would consider this to be something like an ideal owner for (Johnson Matthey), operational overlap on the process catalyst business and an ability to take a long-term view on the cash generation from the Clean Air business," analysts at Jefferies wrote in a note.
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