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Russia’s Acron Group Makes Offer to Buy Polish Chemicals Producer Tarnów

2:20 PM MDT | May 18, 2012

Acron Group (Velikii Novgorod, Russia), through its Norica Holding subsidiary, has announced a tender offer to buy a stake of up to 66% in ZakÅ‚ady Azotowe w Tarnowie-MoÅ›cicach (Tarnow, Poland). Acron’s offer price of Zl36/share is a premium of 18.3% over Azoty Tarnów’s six-month average market price and 12.1% over the closing price on May 15, 2012, the company says. Investors may tender their shares between June 6 and June 22, 2012. Acron is one of Europe’s 10 largest producers of fertilizers, with assets in Canada, China, Estonia, and...

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