Bill Ackman Picks Up Another M&A Win With Platform Specialty Products-Alent Deal

Bill Ackman just scored another M&A win. Platform Specialty Products, one of Bill Ackman’s top holdings, announced on Monday a plan to acquire British chemical and materials maker Alent for approximately $2.1 billion. Including net debt, the total deal value is about $2.3 billion. “This business and acquisition fits well within our stated objectives, and we are compelled by the value creation the combination may generate,” said Platform founder and chairman Martin Franklin in a statement. “The creation of Platform was the catalyst that created an environment where the Alent transaction could take place. That’s what Platform is all about….