Germany’s Lanxess to buy US’ Chemtura
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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