World News and Views :: Top of the News
Solvay to Acquire Rhodia for €3.4 Billion
9:01 AM MDT | April 4, 2011 | Ian Young
Solvay has agreed to acquire Rhodia for €3.4 billion in cash. Solvay will launch a friendly cash offer for Rhodia at €31.60/share under the terms of the deal, a 50% premium over Rhodia's closing price on April 1 and a 44% premium over Rhodia's three-month average price. The offer represents a multiple of 7.3 times recurring Ebitda (Rebitda) and it has been recommended unanimously by Rhodia's board. The deal has an enterprise value of €6.6 billion. Solvay expects to close the deal in late August 2011 subject to antitrust approval in Europe and the...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee