date:Mar 26, 2013
ld be returned to shareholders but would give more details at an investors' presentation in June. The company will also come up with a new name.
CSM might have between 350 million euros and 400 million, or 5 to 5.50 euros per share, available after paying down debt, ING analyst Marco Gulpers said in a note.
The enterprise value of the sale, which includes liabilities such as pensions, was 1.05 billion euros, CSM said in a statement. Its net cash proceeds are about 850 million euros.
The deal