“This divestiture allows us to focus all of Alkegen’s resources on our primary goal: advancing our unique platform of specialty materials that meaningfully help the world breathe easier, live greener and go further than ever before,”, Alkegen’s president and CEO, said in a prepared statement. “We’re excited for the future and the new opportunities this creates for both Alkegen and the TAS business as it moves forward with Regent.
The transaction is expected to close in the first quarter of 2023, subject to appropriate labor consultations, regulatory filings, and customary closing conditions.
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