in this issue
People & Business :: Companies
Solutia Completes Southwall Offer
10:21 AM MST | November 23, 2011 | Vincent Valk
Solutia has completed its tender offer for Southwall Technologies (Palo Alto, CA), an energy-efficient films maker, the company says. The $13.60/share cash offer was accepted by 95.7% of Southwall shareholders. The acquisition, the total price of which is $113 million, was first announced in October, and is being funded entirely with cash on hand. The deal should be accretive by about 5 cts/share to Solutia’s 2012 earnings, according to Frank Mitsch, analyst with Wells Fargo Securities (New York). The deal “will specifically improve margins for...
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