Monday , 23 July 2018

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Chemtura shares skyrocket after agreeing to Lanxess buyout

Chemical firm Chemtura’s shares rose almost 16 percent on Monday after accepting chemical maker Lanxess’ $2.5 billion buyout offer.

Germany-based Lanxess said it will pay shareholders of Chemtura $33.50 per share in cash.

Lanxess said it expects annual synergies of about 100 million euro (about $113 million) by 2020.

The deal was approved by the board of both companies. It is expected to close in mid-2017.

The material has been provided by InstaForex Company – www.instaforex.com

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Chemtura shares skyrocket after agreeing to Lanxess buyout Reviewed by on . Chemical firm Chemtura's shares rose almost 16 percent on Monday after accepting chemical maker Lanxess' $2.5 billion buyout offer.Germany-based Lanxess said it Chemical firm Chemtura's shares rose almost 16 percent on Monday after accepting chemical maker Lanxess' $2.5 billion buyout offer.Germany-based Lanxess said it Rating:
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