New York, July 13, 2015 -- Moody's Investors Service commented on Platform Specialty Products Corporation's (Platform, B1, negative) announced agreement to acquire UK-based Alent plc (unrated) for $2.254 billion (approximately GBP1.45 billion) in a cash and stock transaction, including assumed cash and debt at Alent. Platform has not yet disclosed the financing plans for the transaction, but given the size of the acquisition there could be increased pressure on the ratings, if the equity component of the funding for the deal does not exceed 50% of the transaction value.
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