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People & Business :: Companies
Shareholders OK MacDermid Buyout
1:50 PM MDT | July 25, 2007 | Chemical Week Editorial Staff
MacDermid says that its shareholders have agreed to sell the company to a group led by chairman and CEO Daniel Leever and private equity firms Court Square Capital Partners (New York) and Weston Presidio (Boston) in a deal valued at more than $1.3 billion, including the assumption or repayment of approximately $301 million of debt. Under the terms of the deal, shareholders will receive $35/share, an 8% increase over the group’s initial bid of...
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