A. Schulman Sets June 14, 2018 Special Meeting for Vote on Merger Agreement with LyondellBasell

Apr 18, 2018 8:25:31 AM / by Jennifer Beeman

Stockholders of Record on May 7, 2018 entitled to vote at Special Meeting

AKRON, Ohio – April 18, 2018 – A. Schulman, Inc. (Nasdaq: SHLM) today announced that it has established a record date of May 7, 2018, and a meeting date of June 14, 2018, for a special meeting of its stockholders to, among other things, consider and vote on a proposal to approve the previously announced Agreement and Plan of Merger with LyondellBasell Industries N.V. and LYB Americas Holdco Inc., a wholly owned subsidiary of LyondellBasell. The Board of Directors of A. Schulman recommends that stockholders vote in favor of the merger with LyondellBasell.

If the merger is completed, A. Schulman stockholders will be entitled to receive $42.00 in cash and one contingent value right, in each case, without interest and less applicable withholding taxes, for each share of A. Schulman common stock owned (unless a stockholder has properly exercised appraisal rights with respect to such shares). While no guaranty can be given that any additional proceeds will be received, each contingent value right will provide a holder with an opportunity to receive certain net proceeds, if any are recovered, from claims arising from A. Schulman's acquisition of its Citadel subsidiary or the acquisition by Citadel’s subsidiary, the Matrixx Group, Incorporated of its Lucent subsidiary, including certain ongoing litigation against the former owners of A. Schulman's Citadel subsidiary and the former owners of A. Schulman's Lucent subsidiary and the related government investigations.

A. Schulman stockholders as of the close of business on the record date for the special meeting will be entitled to receive notice of, and to vote at, the special meeting.

A. Schulman continues to expect the transaction to close in the second half of calendar year 2018, subject to the approval of A. Schulman's stockholders, remaining regulatory approvals, and customary closing conditions.


About A. Schulman
A. Schulman, Inc. is a leading international supplier of high-performance plastic compounds, composites and resins headquartered in Akron, Ohio. Since 1928, the Company has been providing innovative solutions to meet its customers' demanding requirements. The Company's customers span a wide range of markets such as packaging, mobility, building & construction, electronics & electrical, agriculture, personal care & hygiene, sports, leisure & home, custom services and others. The Company employs approximately 5,200 people and has 54 manufacturing facilities globally. A. Schulman reported net sales of approximately $2.5 billion for the fiscal year ended August 31, 2017. Additional information about A. Schulman can be found at www.aschulman.com

Additional Information
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. This communication may be deemed to be solicitation material in respect of the proposed merger between A. Schulman and LyondellBasell. In connection with the proposed transaction, A. Schulman has filed with the United States Securities and Exchange Commission (the "SEC") a preliminary proxy statement, dated March 26, 2018. A. Schulman will send the definitive proxy statement and a proxy card to each of A. Schulman's stockholders entitled to vote at the special meeting relating to the proposed merger. A. SCHULMAN'S STOCKHOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO AND ANY DOCUMENTS INCORPORATED BY REFERENCE THEREIN) AND OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE TRANSACTION THAT A. SCHULMAN WILL FILE WITH THE SEC (INCLUDING THE DEFINITIVE PROXY STATEMENT) WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES TO THE TRANSACTION. Stockholders and investors will be able to obtain free copies of the proxy statement and other relevant materials (when they become available) and other documents filed by A. Schulman at the SEC's web site at www.sec.gov. Copies of the definitive proxy statement (when they become available) and the filings that will be incorporated by reference therein may also be obtained, without charge, from A. Schulman's website, www.aschulman.com, under the heading “Investors”, or by contacting A. Schulman's Investor Relations at 330-668-7346 or jennifer.beeman@aschulman.com

Participants in the Solicitation
A. Schulman, its directors and certain of its executive officers and employees may be deemed, under SEC rules, to be participants in the solicitation of proxies from A. Schulman's investors and security holders in connection with the proposed transaction. Information about A. Schulman's directors and executive officers is set forth in A. Schulman's proxy statement for its 2017 Annual Meeting of Stockholders and A. Schulman's Annual Report on Form 10-K for the fiscal year ended August 31, 2017. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed transaction is included in the preliminary proxy statement, as it will be amended, that was filed with the SEC on March 27, 2018, and other documents relevant to the proposed merger that A. Schulman intends to file with the SEC. These documents may be obtained for free as described above.

Forward-Looking Statements
This communication is made in reliance upon the safe harbor of the Private Securities Litigation Reform Act of 1995, including, without limitation, the statements made concerning A. Schulman's intent to consummate the merger with LyondellBasell. As a general matter, forward-looking statements are those focused upon anticipated events or trends, expectations, and beliefs relating to matters that are not historical in nature. Such forward-looking statements are subject to uncertainties and factors relating to A. Schulman's operations and business environment, all of which are difficult to predict and many of which are beyond the control of A. Schulman. Among others, the following uncertainties and other factors could cause actual results to differ from those set forth in the forward-looking statements: (i) the risk that the merger may not be consummated in a timely manner, if at all; (ii) the risk that the definitive merger agreement may be terminated in circumstances that require A. Schulman to pay LyondellBasell a termination fee of $50 million; (iii) risks related to the diversion of management's attention from A. Schulman's ongoing business operations; (iv) the effect of the announcement of the merger on A. Schulman's business relationships (including, without limitation, customers and suppliers), operating results and business generally; (v) risks related to obtaining the requisite consents to the merger, including, without limitation, the receipt of approval from A. Schulman's stockholders, the timing (including possible delays) and receipt of regulatory clearance and CFIUS approval from governmental authorities (including any conditions, limitations or restrictions placed on these approvals) and the risk that one or more governmental authority may deny any such approval; and (vi) the conditions of the capital markets during the period covered by the forward-looking statements. Further risks that could cause actual results to differ materially from those matters expressed in or implied by such forward-looking statements are set forth under "Risk Factors" in A. Schulman's Annual Report on Form 10-K for the fiscal year ended August 31, 2017, its subsequent quarterly reports on Form 10-Q and in A. Schulman’s preliminary proxy statement, dated March 26, 2018, that A. Schulman filed with the SEC in connection with the proposed merger. The list of factors presented here is, and the list of factors presented in A. Schulman’s other SEC filings should not be considered to be a complete statement of all potential risks and uncertainties. In addition, risks and uncertainties not presently known to A. Schulman or that it believes to be immaterial also may adversely affect A. Schulman. Should any known or unknown risks or uncertainties develop into actual events, or underlying assumptions prove inaccurate, these developments could have material adverse effects on A. Schulman’s business, financial condition and results of operations. A. Schulman does not undertake, and hereby disclaims, any duty to update these forward-looking statements, although its situation and circumstances may change in the future. Persons reading this communication are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof.

The merger is subject to certain conditions precedent, including regulatory approvals, CFIUS approval and approval from A. Schulman's stockholders.

A. Schulman cannot provide any assurance that the proposed merger will be completed, nor can it give assurances as to the terms on which such merger will be consummated.

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A. Schulman Supports Customer Success at CHINAPLAS 2018

Apr 11, 2018 3:27:54 AM / by Jasmin Bisch

AKRON, Ohio – April 12, 2018 – A. Schulman Inc. (Nasdaq-GS: SHLM), a leading international supplier of high-performance plastic compounds, powders, composites and resins, today announced its participation at Chinaplas 2018, Asia’s most important trade fair for plastics. A. Schulman will demonstrate how its comprehensive portfolio can deliver customized solutions to address global market demands in a variety of growing industries in Asia, including transportation, packaging, infrastructure electrical and electronics and consumer products.

Under the booth theme of “Our definition of success is helping you achieve yours”, the company will be located in Hall 7.2, Booth R01. The annual CHINAPLAS show is being held April 24-27, 2018, in Shanghai, China.

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A. Schulman Highlights Product Innovations and Material Expertise at NPE 2018

Apr 10, 2018 4:16:00 AM / by Chelsea Henderson

AKRON, Ohio – April 9, 2018 – A. Schulman Inc. (Nasdaq-GS: SHLM), a leading international supplier of high-performance plastic compounds, composites, and resins, will be presenting one of the broadest product ranges and latest innovations at NPE from May 7-11, 2018 in Orlando, Florida at Booth #S24023.

This year, A. Schulman will be showcasing its comprehensive product range of Masterbatches, Engineering Plastics, Engineered Composites, Specialty Powders and Distribution Service, spanning the packaging, mobility, building & construction, electrical & electronics, agriculture and sports, leisure & home markets.

Product highlights at NPE will include:

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A. Schulman signs exclusive distribution agreement with VESTOLIT

Mar 29, 2018 4:14:48 AM / by Jasmin Bisch

A. Schulman becomes exclusive distribution partner for suspension-, micro suspension- and E-PVC Grades

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A. Schulman declares regular and convertible special stock cash dividends 

Mar 29, 2018 4:12:33 AM / by Jennifer Beeman

AKRON, Ohio – March 28, 2018 – A. Schulman, Inc. (Nasdaq: SHLM) announces a regular quarterly cash dividend of $0.205 per common share, payable May 1, 2018, to shareholders of record on April 13, 2018.

Additionally, the Company announces the quarterly cash dividend of $15.00 per share on the 125,000 shares of the Company’s convertible special stock, payable on May 1, 2018 to shareholders of record on April 15, 2018.

About A. Schulman, Inc.
A. Schulman, Inc. is a leading international supplier of high-performance plastic compounds, composites and resins headquartered in Akron, Ohio. Since 1928, the Company has been providing innovative solutions to meet its customers' demanding requirements. The Company's customers span a wide range of markets such as packaging, mobility, building & construction, electronics & electrical, agriculture, personal care & hygiene, sports, leisure & home, custom services and others. The Company employs approximately 5,200 people and has 54 manufacturing facilities globally. A. Schulman reported net sales of approximately $2.5 billion for the fiscal year ended August 31, 2017. Additional information about A. Schulman can be found at www.aschulman.com

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A. Schulman Reports Fiscal 2018 Second Quarter Results

Mar 29, 2018 3:50:58 AM / by Jennifer Beeman

AKRON, Ohio, March 28, 2018 -- A. Schulman, Inc. (Nasdaq: SHLM) today announced its financial results for the fiscal 2018 second quarter ended February 28, 2018. The Company reported quarterly net income available to common stockholders of $3.5 million, or $0.12 per diluted share. Last year the Company reported second quarter comparable net income of $3.2 million, or $0.11 per diluted share.

Consolidated net sales for the three months ended February 28, 2018 were $650.1 million, a 14.3% increase compared with $568.7 million for the prior period. Excluding the favorable impact of foreign currency of
$43.1 million, net sales increased by 6.7% with positive contributions from all segments primarily due to improved mix and efforts to offset increased raw material prices.

Working Capital/Cash Flow
Net cash used in operations was $12.6 million for the six months ended February 28, 2018, compared to a source of $40.1 million for the six months ended February 28, 2017. Working capital days were 54 at the end of the second quarter compared with 45 days at the end of fiscal 2017, driven by inventory build, higher raw material prices, and the impact of foreign currency translation.

Capital expenditures for the six months ended February 28, 2018 were $13.1 million compared with
$24.5 million in the prior year period. Additionally, the Company declared and paid quarterly cash dividends
to common stockholders of $6.0 million, or $0.205 per common share, and also paid quarterly dividends of
$1.9 million to holders of the convertible special stock. Total debt rose by $33 million since the end of
fiscal 2017.

Income Taxes
As a result of U.S. Tax Reform, the Company will be subject to a U.S. federal statutory tax rate of 25.7% for its fiscal year ending August 31, 2018, which reflects a blended federal statutory rate of 35% for its first four months and 21% for the remaining eight months.

For the quarter, the Company's effective tax rate was significantly lower than the blended U.S. federal statutory rate of 25.7% primarily due to the discrete impacts of U.S. Tax Reform. In the second quarter of fiscal 2018, as a result of U.S. Tax Reform, the Company recorded a discrete non-cash tax benefit of $6.8 million due to the remeasurement of U.S deferred tax assets and liabilities.

In addition, the Company analyzed the impact of the one-time transition tax on deemed repatriated earnings of certain non-U.S. subsidiaries, which should be fully offset by foreign tax credits carried forward from prior years and the related release of valuation allowance previously recorded against those credits. Additional detail is available in the Form 10-Q for the quarterly period ended February 28, 2018.

Pending Merger
On February 15, 2018, LyondellBasell (NYSE: LYB), and A. Schulman, Inc. announced that they have entered into a definitive agreement under which LyondellBasell will purchase 100 percent of A. Schulman common stock for (i) $42.00 per share in cash, without interest and subject to any applicable withholding taxes (the "Per-Share Amount"), and (ii) one contractual contingent value right per share without interest and less applicable withholding taxes (a "CVR"), which will represent the right to receive certain net proceeds, if any, resulting from the Lucent matter (in each case subject to the terms and conditions of the CVR agreement to
be entered into in accordance with the Merger Agreement). There is no guaranty that any payment will be received with respect to the contingent value rights. The proposed acquisition, which has been unanimously approved by the respective boards of LyondellBasell and A. Schulman, is subject to customary closing conditions, including regulatory approvals and approval by A. Schulman stockholders. The acquisition is expected to close in the second half of calendar year 2018.

Additional Information
In light of the pending merger, the Company has suspended its fiscal 2018 guidance. The Company will
not host an investor conference call this quarter. For additional information, including the recently-filed
Form 10-Q, please refer to the Company’s website, www.aschulman.com


About A. Schulman
A. Schulman, Inc. is a leading international supplier of high-performance plastic compounds, composites and resins headquartered in Akron, Ohio. Since 1928, the Company has been providing innovative solutions to meet its customers' demanding requirements. The Company's customers span a wide range of markets such as packaging, mobility, building & construction, electronics & electrical, agriculture, personal care & hygiene, sports, leisure & home, custom services and others. The Company employs approximately 5,200 people and has 54 manufacturing facilities globally. A. Schulman reported net sales of approximately $2.5 billion for the fiscal year ended August 31, 2017. Additional information about A. Schulman can be found at www.aschulman.com


Cautionary Statements
A number of the matters discussed in this document that are not historical or current facts deal with potential future circumstances and developments and may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historic or current facts and relate to future events and expectations. Forward-looking statements contain such words as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “forecast,” “foresee,” “likely,” “may,” “should,” “goal,” “target,” “might,” “will,” “could,” “predict,” “continue,” and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Forward-looking statements are based on management’s current expectations and include known and unknown risks, uncertainties and other factors, many of which
management is unable to predict or control, that may cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those suggested by these forward-looking statements, and that could adversely affect the Company’s future financial performance, include, but are not limited to, the following:
• worldwide and regional economic, business and political conditions, including continuing economic uncertainties in some or all of the Company’s major product markets or countries where the Company has operations;
• risks and uncertainties posed by international operations, including foreign currency fluctuations;
• the business cyclicality of the chemical, polymers and refining industries;
• the effectiveness of the Company’s efforts to improve operating margins through sales growth, price increases, productivity gains, and improved purchasing techniques;
• competitive factors, including intense price competition;
• fluctuations in the value of currencies in areas where the Company operates;
• volatility of prices and availability of the supply of energy and raw materials that are critical to the manufacture of the Company’s products, particularly plastic resins derived from oil and natural gas;
• changes in customer demand and requirements;
• the supply/demand balances for our and our joint ventures’ products, and the related effects of industry production capacities and operating rates;
• effectiveness of the Company to achieve the level of cost savings, productivity improvements, growth and other benefits anticipated from acquisitions and the integration thereof, joint ventures and restructuring initiatives;
• labor conditions;
• our ability to attract and retain key personnel;
• escalation in the cost of providing employee health care;
• uncertainties and unanticipated developments regarding contingencies, such as pending and future litigation and other claims, including legal and environmental proceedings, potential governmental regulatory actions, tax rulings and developments that would require increases in our costs and/or reserves for such contingencies;
• the performance of the global automotive market as well as other markets served;
• further adverse changes in economic or industry conditions, including global supply and demand conditions and prices for products;
• operating problems with our information systems as a result of system security failures such as viruses, cyber-attacks or other causes;
• operating interruptions (including leaks, explosions, fires, weather-related incidents, mechanical failure, unscheduled downtime, supplier disruptions, labor shortages, strikes, work stoppages or other labor difficulties, transportation interruptions, spills and releases and other environmental risks);
• our current debt position could adversely affect our financial health and prevent us from fulfilling our financial obligations;
• failure of counterparties to perform under the terms and conditions of contractual arrangements, including suppliers, customers, buyers and sellers of a business and other third parties with which the Company contracts; and
• the announcement and pendency of the LyondellBasell merger, including risks arising from the effect thereof on our business relationships (including employees, customers and suppliers), operating results, business generally, and the diversion of management’s attention from our ongoing business operations, risks of failing to consummate the merger in a timely manner, if at all, and risks related to obtaining the requisite consents to the merger could have an adverse effect on our business.

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A. Schulman’s Schulamid® 66 MV 5 FR meets most stringent requirements for electrical connectors

Mar 22, 2018 7:22:59 AM / by Jasmin Bisch

AKRON, Ohio – March 22, 2018 – A. Schulman, Inc. (Nasdaq-GS: SHLM), a leading international supplier of
high-performance plastic compounds and powders launches Schulamid® 66 MV 5 FR, a new un-reinforced flame retardant polyamide for use in electrical connectors.

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A. Schulman and 3M Partnership to Design Lightweight and Insulating Compound Solutions

Feb 27, 2018 11:39:20 AM / by Jasmin Bisch

AKRON, Ohio – February 27, 2018 – A. Schulman, Inc. (Nasdaq-GS: SHLM), a leading international supplier of high-performance plastic compounds and powders is partnering with 3M to develop innovative insulation and weight-reduced compounds that incorporate 3MTM Glass Bubbles, engineered hollow glass microspheres. The partnership is focusing on the DACH region and western Europe.

Based on both companies’ experience in the field of weight reduction, A. Schulman and 3M are combining their respec-tive core competences – 3M’s marketing power and technology to produce best-in-class glass microspheres and A. Schulman’s compounding capabilities, services and customer contacts.

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LyondellBasell Announces Entry into a Definitive Agreement to  Acquire A. Schulman, Inc.

Feb 22, 2018 5:02:38 PM / by Jennifer Beeman


Combination creates a premier global provider of Advanced Polymer Solutions

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A. Schulman Showcases Their New LYTEX™ SF at JEC 2018

Feb 20, 2018 11:12:40 AM / by Chelsea Henderson

AKRON, Ohio, Feb. 19, 2018 (GLOBE NEWSWIRE) -- A. Schulman Inc.(Nasdaq:SHLM), a leading international supplier of high-performance plastic compounds, composites and resins, will be presenting its latest innovations and a broad range of Engineered Composites at the JEC World Exhibition in Paris, Hall 6, Booth N28.

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