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Why Lydall Stock Is Rocketing Higher on Monday

TheMotleyFool

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Why Lydall Stock Is Rocketing Higher on MondayPhoto, wide shot, wide-angle lens, Bank, sunset photo at golden hour, photo by Art Wolfe: https://img.theapi.app/temp/3aa597ca-f944-4a9b-bf8d-3071f3b5a5c9.png

Investors in specialty chemicals company Lydall (NYSE: LDL) had endured a rough five years holding the stock, but that all changed Monday as the shares soared more than 80% higher. Private equity firm Clearlake Capital sees significant value in the company's assets, and is paying a significant premium to acquire Lydall.