- Hexcel (HXL +9.4%) pops to its highest in three months following a report from Street Insider that Belgian chemical company Solvay (OTCQX:SOLVY) is in talks to acquire the company.
- The parties are in discussions which may lead to a deal, according to the report.
- Update: Solvay denies any interest in Hexcel, saying it has not made an approach for the company.
- Hexcel shares recently were hammered following a much wider than expected Q3 adjusted loss while revenues were chopped in half from a year earlier.