Lanxess Deutschland GmbH Acquisition of Chemtura Corporation

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.