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People & Business :: Companies

Solvay Clinches Acquisition of Rhodia

5:31 AM MDT | August 31, 2011 | Ian Young

Solvay's previously announced bid to acquire Rhodia has been successful. French financial markets authority AMF (Paris) published today the results of Solvay's tender offer, which show that on August 24, the closing date of the offer, shares and voting rights in Rhodia equivalent to 94.25% of the total share capital and voting rights in Rhodia had been tendered. Taking into account the 0.85% of Rhodia shares held by Rhodia, the number of Rhodia shares that have not been tendered represents 4.89% of the company's share capital and voting rights. Solvay says it...

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