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Markets :: Specialty Chemicals :: Paints and Coatings

DSM to Buy Controlling Stake in Taiwan Coatings Firm AGI

4:57 AM MST | December 10, 2010 | Alex Scott

DSM has disclosed plans to acquire 51% of AGI Corporation (AGI; Taipei, Taiwan), a producer of ultraviolet, curable resins and coatings. DSM estimates the deal will cost it about $64 million. The company says it will make the acquisition through a subscription for shares that are to be newly issued, along with a public tender offer. The proposed acquisition is subject to AGI corporate approvals and to regulatory and other customary conditions, approvals and notifications, DSM says.   DSM anticipates that it will initiate the public...

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