Chester County Briefly: September 29th
Berwyn’s Trinseo has become a fully public company after the successful sale of its remaining stake to Bain Capital. The global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber announced Bain Capital’s investment on Monday. “The transaction represents a major milestone and reflects the hard work of every single Trinseo employee,” said Trinseo’s President and CEO, Chris Pappas.
Following an upgrade of Amazon.com’s rating from “hold” to a “buy” by Zacks Investment Research, Vanguard Group raised its position in the company by 4.8 percent, adding 1,082,051 shares in the second quarter. The Malvern mutual fund company currently owns 23,795,875 shares of the e-commerce giant’s stock worth just over $17 billion.
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Top photo credit: MikeBlogs box via photopin (license)
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