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Kraton Corporation

Merger

  • Date:
  • 11/18/2021
  • Company Name:
  • Kraton Corporation
  • Stock Symbol:
  • KRA
  • Company Name - Buyer:
  • DL Chemical Co., Ltd.
  • Status:
  • Investigating
  • Merger Announcement Date:
  • 9/27/2021
  • Shareholder Vote Date:
  • 12/9/2021

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NEW YORK, November 18, 2021 – Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, remind investors of its investigation into whether the officers or directors of Kraton Corporation (NYSE: KRA) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by DL Chemical Co., Ltd.

On September 27, 2021, Kraton announced that it had entered into an agreement to be acquired by DL Chemical in a transaction valued at approximately $2.5 billion.  Pursuant to the merger agreement, Kraton stockholders will receive $46.50 in cash for each share of Kraton common stock owned.  The deal is scheduled to close in the first half of 2022.

On November 4, 2021, Kraton released a Definitive Proxy Statement recommending that stockholders vote in favor of the going-private transaction.  The stockholder vote date is scheduled for December 9, 2021.

Bragar Eagel & Squire is concerned that Kraton’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.  Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Kraton’s stockholders.
The individual or institution below (“Plaintiff”) has reviewed and agrees to the Bragar Eagel & Squire, P.C. (“BESPC”) retainer agreement and authorizes BESPC to prosecute an action on Plaintiff’s behalf under the federal securities laws or applicable state laws to recover damages on behalf of investors in Kraton Corporation. BESPC will prosecute the action on a full contingency basis and will forward all costs and expenses.
 

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