secwatch.observer — SEC 8-K summary
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Issuer:     AVIENT CORP (AVNT)
CIK:        0001122976
Form:       8-K
Filed at:   2022-06-24T23:59:59+00:00
Accession:  0001122976-22-000038
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avient acquires DSM Protective Materials Business for €1.38 billion
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- Purchase price of €1,380,300,000 for DSM Protective Materials Business, subject to customary locked-box adjustments.
- Acquisition includes shares of DSM Protective Materials B.V., International B.V., and DSM Protective Materials LLC plus certain assets.
- Closing subject to regulatory approvals; works council consultation completed June 22, 2022.
- Avient to pay additional daily amount of €207,000 per day from effective date to completion.
- Leakage provisions protect against value erosion; seller liable for additional leakage up to 9 months post-close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1122976/000112297622000038/0001122976-22-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1122976/000112297622000038/avnt-20220623.htm
  HTML page:      https://secwatch.observer/filing/0001122976-22-000038

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