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Regions :: Western Europe

Kem One's takeover bids merged into one, final court decision expected Friday

9:14 AM MST | December 18, 2013 | Francinia Protti-Alvarez

The two remaining takeover bids for debt-ridden polyvinyl chloride producer (PVC) Kem One (Lyon, France) have been merged into one, the company announced today. The Commercial Court of Lyon was informed of the decision at a hearing earlier today. Investor Alain de Krassny and private equity firm OpenGate Capital (Los Angeles) will present their joined offer on 19 December to the members of the Joint Consultative Committee (JCC) of KEM ONE. The court called a further hearing, set for 20 December, at which their final decision will be announced, the company says...

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