Chemours Company shares are trading higher after the company announced it agreed to sell its Glycolic Acid business to PureTech Scientific for $137 million.
Portfolio Pulse from Benzinga Newsdesk
Chemours Company has agreed to sell its Glycolic Acid business to PureTech Scientific for $137 million, leading to a rise in its share price.
June 02, 2023 | 12:28 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Chemours Company's shares are trading higher after announcing the sale of its Glycolic Acid business to PureTech Scientific for $137 million.
The sale of Chemours Company's Glycolic Acid business to PureTech Scientific for $137 million is a significant transaction for the company. This deal is likely to have a positive impact on the company's financial position, leading to a rise in its share price. The news is directly related to Chemours Company (CC) and is important for investors, resulting in a score of 1, high relevance, importance, and confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100