Regions :: North America :: U.S.
Chemtura amends terms of sale of antioxidant-UV stabilizer business to SK Capital
10:57 AM MST | January 28, 2013 | Francinia Protti-Alvarez
Chemtura (Philadephia) has entered into an amended and restated asset-purchase and contribution agreement with SK Capital Partners regarding the sale of Chemtura's antioxidant and ultraviolet stabilizer business for $200 million, Chemtura announced. The new terms provide for a cash payment of about $97 million on closing; the receipt of $9 million in preferred stock; and the assumption of pension, environmental, and other liabilities totaling about $93 million. The initial terms called for Chemtura to receive proceeds of $190 million payable in cash at...
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