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Celanese Corp (CE.N)

CE.N on New York Stock Exchange

112.96USD
19 Jan 2018
Change (% chg)

$1.93 (+1.74%)
Prev Close
$111.03
Open
$111.36
Day's High
$113.23
Day's Low
$110.81
Volume
227,557
Avg. Vol
163,676
52-wk High
$113.23
52-wk Low
$81.73

Latest Key Developments (Source: Significant Developments)

Celanese Statement On Proposed Joint Venture With Blackstone
Tuesday, 9 Jan 2018 

Jan 8 (Reuters) - Celanese Corp ::CELANESE STATEMENT ON PROPOSED JOINT VENTURE WITH BLACKSTONE.CELANESE-‍CONTINUES TO WORK COOPERATIVELY WITH EUROPEAN COMMISSION FOR SUCCESSFUL CLOSE OF ONGOING MERGER REVIEW PROCESS OF PROPOSED JV WITH BLACKSTONE​.CELANESE - "‍AS PART OF STANDARD REVIEW PROCESS OF A PHASE II INVESTIGATION WE CONFIRM RECEIPT OF STATEMENT OF OBJECTIONS​".  Full Article

Saudi's SABIC Starts Commercial Operations Of Polyacetal Plant
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - SAUDI BASIC INDUSTRIES CORPORATION SJSC <2010.SE>::UPDATES ON ITS AGREEMENT WITH CELANESE CORPORATION TO ESTABLISH POLYACETAL PLANT.STARTS COMMERCIAL OPERATIONS OF POLYACETAL PLANT WITH ANNUAL CAPACITY OF 50,000 METRIC TONS ON JAN 2, 2018.SAYS FINANCIAL IMPACT OF POLYACETAL PLANT COMMERCIAL OPERATIONS WILL BE REFLECTED ON Q1 2018 FINANCIAL RESULTS.  Full Article

Celanese To Acquire Thermoplastics Custom Compounder Omni Plastics
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Celanese Corp ::CELANESE TO ACQUIRE THERMOPLASTICS CUSTOM COMPOUNDER OMNI PLASTICS.CELANESE CORP - FINANCIAL DETAILS OF TRANSACTION ARE NOT BEING DISCLOSED AT THIS TIME.CELANESE CORP - UNTIL DEAL CLOSING, CELANESE AND OMNI PLASTICS WILL CONTINUE TO OPERATE AS INDEPENDENT BUSINESSES.  Full Article

Celanese Corporation Announces Pricing Of Senior Notes Offering
Tuesday, 5 Dec 2017 

Dec 4 (Reuters) - Celanese Corp ::CELANESE CORPORATION ANNOUNCES PRICING OF SENIOR NOTES OFFERING.CELANESE CORP - UNIT PRICED A PUBLIC OFFERING OF EUR 300 MILLION AGGREGATE PRINCIPAL AMOUNT OF 1.25% SENIOR NOTES DUE 2025.CELANESE CORP - NOTES WILL BE GUARANTEED ON A SENIOR UNSECURED BASIS BY COMPANY AND, INITIALLY, CERTAIN OF ISSUER'S U.S. SUBSIDIARIES.  Full Article

Celanese ‍Files Patent Infringement Lawsuit Against Falken Trade Polska​
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Celanese Corp ::‍FILED A PATENT INFRINGEMENT LAWSUIT IN POLAND AGAINST FALKEN TRADE POLSKA SP. Z O.O. SP.K.​.  Full Article

Celanese says on Oct 23, co announced CFO will be on temporary medical leave of absence
Thursday, 26 Oct 2017 

Oct 25 (Reuters) - Celanese Corp ::Celanese says on Oct 23, co announced CFO Christopher W. Jensen will be on temporary medical leave of absence, effectively immediately‍​ - sec filing‍​.Celanese Corp - ‍in Jensen's absence, Kevin S. Oliver, company's chief accounting officer will act as company's principal financial officer​.  Full Article

Celanese Corp sees capital expenditures in range of $250 mln to $300 mln for 2017‍​
Tuesday, 17 Oct 2017 

Oct 16 (Reuters) - Celanese Corp :Celanese Corp sees capital expenditures in range of $250 million to $300 million for 2017 - presentation slides‍​.Celanese Corp sees free cash flow roughly $800 million for 2017 - presentation slides‍​.  Full Article

Celanese Q3 ‍adjusted earnings per share $1.93​
Tuesday, 17 Oct 2017 

Oct 16 (Reuters) - Celanese Corp ::Celanese corporation reports third quarter earnings; expects to deliver 2017 results at higher end of outlook.Q3 materials solutions sales rose 24 percent to $730 million.Q3 revenue view $1.49 billion -- Thomson Reuters I/B/E/S.Q3 gaap earnings per share $1.68.Q3 earnings per share view $1.92 -- Thomson Reuters I/B/E/S.Says qtrly net sales $1,566‍​ million versus $1,323 million.Says "‍can grow 2017 adjusted earnings per share toward higher end of 9-11 percent range, year over year​".Celanese corp qtrly ‍adjusted earnings per share of $1.93​.  Full Article

Celanese Corp - ‍announced plans to expand capacity of its global compounding assets
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Celanese Corp :Celanese Corp - ‍announced plans to expand capacity of its global compounding assets and certain product-specific manufacturing production sites​.Celanese Corp - expects new production lines and expansions will add about 50-60kt per year in compounding capacity​.Celanese-Expects via debottlenecking of existing production lines to see additional 10-15kt/year capacity of compounded material production capability​.Celanese Corp - ‍expects new production line to add approximately 15kt per year of new GUR UHMW-PE product capacity​.Celanese Corp - ‍projects announced are expected to be completed in 2018-2019 timeframe and financial details are not being disclosed at this time​.  Full Article

Celanese, Blackstone to form joint venture in Acetate Tow
Monday, 19 Jun 2017 

June 18 (Reuters) - Celanese Corp ::Celanese and Blackstone to form joint venture in Acetate Tow.Proposed joint venture to combine Celanese's cellulose derivatives and Blackstone's Rhodia Acetow businesses..Celanese and Blackstone will own 70 pct and 30 pct of the JV, respectively.JV to distribute $1.6 billion in cash to Celanese at close.Deal to be earnings per share neutral for Celanese in the first year and accretive thereafter.  Full Article

EU mergers and takeovers (Jan 19)

BRUSSELS, Jan 19 The following are mergers under review by the European Commission and a brief guide to the EU merger process: