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Solvay Launches Cash Offer for Rhodia

9:58 AM MDT | June 14, 2011 | Ian Young

Solvay has launched its friendly cash offer to acquire Rhodia for €31.60/share. The previously announced offer values Rhodia at €3.4 billion. The launch of the offer by the French financial markets authority follows approval from the French prudential supervisory authority and France's economy, finance, and industry ministry. The final timetable for the offer, including the closing date, will be published by the financial markets authority following receipt of approval from the European Commission. The earliest closing date of the offer will be July 20...

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