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Published on Sep 26, 2016
Shares
of Chemtura (CHMT) soared on news that Germany's Lanxess is acquiring the
specialty chemical company for approximately $2.5 billion in cash, or
$33.50 a share, that's nearly a 19% premium from where shares closed on
Friday. Lanxess CEO Matthias Zachert says the acquisition will
strengthen its portfolio, especially in the additives segment. The
transaction is expected to close around mid-2017.
Congratulations to our Reynosa plant on achieving this significant milestone :) pic.twitter.com/YZB2Iyvjub— Chemtura Corporation (@ChemturaInsight) September 23, 2016
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