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People & Business :: M&A

Receiver accepts four proposals to acquire Kem One; bid deadline extension requested

5:31 AM MDT | September 11, 2013 | Francinia Protti-Alvarez

The official receiver for Kem One (Lyon, France) has received four takeover proposals for the company, Kem One has announced. Discussions continue with the principal stakeholders, and the judge of the commercial court of Lyon will be asked to extend the deadline for bids until 19 September, to allow the candidates time to finalize their plans, the company says. Each of the proposals is based on a plan to continue operating Kem One's assets, the company says. If the deadline is extended, the commercial court of Lyon is expected to decide on the bids on 26...

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