We are investigating Celanese Corporation (CE) (“Celanese” or the “Company”) for potential violations of the federal securities laws.
On January 30, 2020, post-market, Celanese reported its full year and fourth quarter 2019 financial results, which included GAAP diluted earnings per share (“EPS”) of $0.35 and adjusted EPS of $1.99. Explaining the difference between GAAP and adjusted EPS, Celanese cited, among other things, a reserve related to a European Commission competition law investigation concerning certain Celanese subsidiaries. On this news, Celanese’s stock price fell $6.69 per share, or 6.07%, to close at $103.50 on January 31, 2020.