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Germany’s Lanxess to buy US’ Chemtura

by ChemOrbis Editorial Team -
  • 26/09/2016 (14:08)
According to media reports, Germany’s Lanxess will buy U.S.-based specialty chemicals firm Chemtura (CHMT) for about $2.12 billion cash.

The deal has an enterprise value of €2.4 billion ($2.69 million) and the company will use existing funds and new debt in order to acquire Chemtura, according to a statement by the world’s largest synthetic rubber maker Lanxess.

Meanwhile, the deal was approved by both Lanxess and Chemtura and the acquisition is projected to be completed around mid-2017, reported in a statement by Chemtura.
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