Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
CYT > SEC Filings for CYT > Form 8-K on 9-Apr-2013All Recent SEC Filings

Show all filings for CYTEC INDUSTRIES INC/DE/ | Request a Trial to NEW EDGAR Online Pro

Form 8-K for CYTEC INDUSTRIES INC/DE/


9-Apr-2013

Completion of Acquisition or Disposition of Assets, Financial Statements


Item 2.01. Completion of Acquisition or Disposition of Assets.

On April 3, 2013, Cytec Industries Inc. (the "Company") announced the completion of the previously announced sale of its Coating Resins business to Advent International, a global private equity firm, for a total value of $1,133 million including assumed liabilities of approximately $118 million, subject to final working capital and other customary adjustments.

A copy of the press release dated April 3, 2013 is attached as Exhibit 99.1 to this Current Report on Form 8-K, and incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits

(b) Pro forma financial information

The unaudited pro forma consolidated balance sheet of the Company at December 31, 2012 is attached as Exhibit 99.2 and is incorporated by reference. The unaudited pro forma consolidated balance sheet assumes the disposition of the Coating Resins business occurred on December 31, 2012, and includes the expected use of proceeds for the repurchase of the Company's common stock under the Company's previously announced stock repurchase program. Unaudited pro forma consolidated income statements for the three most recently completed fiscal years are not presented as the Coating Resins business has been reflected as discontinued operations in the Company's financial statements incorporated in its 2012 Annual Report filed on Form 10-K.

The pro forma adjustments are based on the best information available and assumptions that management believes are factually supportable. The unaudited pro forma consolidated financial information is for illustrative and informational purposes only and is not intended to reflect what the Company's financial position would have been had the disposition occurred on the date indicated and is not necessarily indicative of the Company's future financial position. The unaudited pro forma financial information should be read in conjunction with the historical financial statements and notes included in the Company's 2012 Annual Report filed on Form 10-K.

(d) Exhibits

                  Exhibit   Description

                  99.1      Press Release dated April 3, 2013

                  99.2      Unaudited Consolidated Balance Sheet


  Add CYT to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for CYT - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.