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Avient has announced the sale of its distribution business. See why I think AVNT stock offers long-term value at reasonable price.

Avient (AVNT) said on Friday it agreed to sell its distribution business to an affiliate of H.I.G

Avient Corp. announced Friday a deal to sell its distribution business for $950 million in cash to an affiliate of private equity firm H.I.G. Capital. The polymer materials and liquid colorants company said it will use the after-tax proceeds, which are expected to be about $750 million, to pay down near-term maturing debt. The agreement comes after the company had announced in April that it was exploring a sale of the business. "As expected, there were multiple buyers interested in acquiring the Distribution business, and it was a competitive process," said Avient Chief Executive Robert Patterson. The stock, which was still inactive in premarket trading, has slipped 2.4% over the past three months, while the S&P 500 has gained 7.1%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that ''Volatility is far from synonymous with risk.'' So it might be obvious that you need to consider debt, when you think about how risky any given stock

Avient''s management has targeted a safe payout ratio of 30% allowing for high single-digit/low double-digit dividend growth. See why AVNT stock is a Strong Buy.

Avient has announced the sale of its distribution business. See why I think AVNT stock offers long-term value at reasonable price.

Avient (AVNT) said on Friday it agreed to sell its distribution business to an affiliate of H.I.G

Avient Corp. announced Friday a deal to sell its distribution business for $950 million in cash to an affiliate of private equity firm H.I.G. Capital. The polymer materials and liquid colorants company said it will use the after-tax proceeds, which are expected to be about $750 million, to pay down near-term maturing debt. The agreement comes after the company had announced in April that it was exploring a sale of the business. "As expected, there were multiple buyers interested in acquiring the Distribution business, and it was a competitive process," said Avient Chief Executive Robert Patterson. The stock, which was still inactive in premarket trading, has slipped 2.4% over the past three months, while the S&P 500 has gained 7.1%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that ''Volatility is far from synonymous with risk.'' So it might be obvious that you need to consider debt, when you think about how risky any given stock

Avient''s management has targeted a safe payout ratio of 30% allowing for high single-digit/low double-digit dividend growth. See why AVNT stock is a Strong Buy.

Avient has announced the sale of its distribution business. See why I think AVNT stock offers long-term value at reasonable price.

Avient (AVNT) said on Friday it agreed to sell its distribution business to an affiliate of H.I.G

Avient Corp. announced Friday a deal to sell its distribution business for $950 million in cash to an affiliate of private equity firm H.I.G. Capital. The polymer materials and liquid colorants company said it will use the after-tax proceeds, which are expected to be about $750 million, to pay down near-term maturing debt. The agreement comes after the company had announced in April that it was exploring a sale of the business. "As expected, there were multiple buyers interested in acquiring the Distribution business, and it was a competitive process," said Avient Chief Executive Robert Patterson. The stock, which was still inactive in premarket trading, has slipped 2.4% over the past three months, while the S&P 500 has gained 7.1%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that ''Volatility is far from synonymous with risk.'' So it might be obvious that you need to consider debt, when you think about how risky any given stock

Avient''s management has targeted a safe payout ratio of 30% allowing for high single-digit/low double-digit dividend growth. See why AVNT stock is a Strong Buy.