M&A Fireworks Continue

M&A activity continued to sizzle last week as two billion-dollar-plus deals surfaced on July 4th: Private equity firm CVC Capital Partners (London) agreed to pay €800 million ($1.1 billion) for alkylamines producer Taminco (Ghent, Belgium), and Apollo Management (New York) announced a $10.4 billion, or $27.25/share, bid to acquire Huntsman. Apollo’s bid tops Basell’s $9.6 billion, or $25.25/share, offer for Huntsman reached only a week earlier. The deal pipeline appears strong in second-half 2007, despite signs that some of the key trends...

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