
Kiri Industries to sell 37% stake in DyStar Global for $676 million, higher than its market cap
Shares of Kiri Industries Ltd. declined over 11% on Friday, May 30, after the company entered into a Share Purchase Agreement (SPA) with Zhejiang Longsheng Group to sell its 37.57% stake in DyStar for a base consideration of $676.26 million. At the current …