menu
Insights, News, & Events arrow_right News arrow_right

Lanxess Deutschland GmbH Acquisition of Chemtura Corporation

23 December 2016 Articles

Lanxess Deutschland GmbH (FRA: LXS), the specialty chemicals company, announced plans to acquire US-based Chemtura Corporation (NYSE: CHMT), one of the major global providers of high-quality flame retardant and lubricant additives. The companies have signed a definitive acquisition agreement. Under the terms of the agreement, Chemtura shareholders will receive USD 33.50 per share in cash for each outstanding share of common stock held, which represents a 18.9% premium to the stock’s closing share price of USD 28.18 on September 23, 2016.

Morrow Sodali is serving as the proxy solicitor for Chemtura Corp.

Media enquiries

To contact our global experts for comments please get in touch below.

Contact us chevron_right

Subscribe

close

Sign up with your email