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Alent agrees $10m settlement with MacDermid

19 February 2015 14:03

Alent has settled all litigation with MacDermid Inc, now part of Platform Specialty Products Corporation. This litigation relates to corporate activity involving MacDermid and Cookson Group plc ('Cookson') and dates back to 2006.

The pending litigation was noted in the contingent liability note of Alent's 2013 Annual Report & Accounts and referenced at the time of Alent's formation and demerger from Cookson. Under the terms of the settlement, Alent will pay US$10m (£6.4m) in full and final settlement of all claims.

At 2:03pm: (LON:ALNT) Alent share price was -2.6p at 340.4p

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Related Company: ALNT

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