IHS Chemical Week

Regions :: Western Europe :: France

Solvay to Acquire Rhodia for €3.4 Billion

9:01 AM MDT | April 4, 2011 | Ian Young

Solvay has agreed to acquire Rhodia for €3.4 billion in cash. Solvay will launch a friendly cash offer for Rhodia at €31.60/share under the terms of the deal, a 50% premium over Rhodia's closing price on April 1 and a 44% premium over Rhodia's three-month average price. The offer represents a multiple of 7.3 times recurring Ebitda (Rebitda) and it has been recommended unanimously by Rhodia's board. The deal has an enterprise value of €6.6 billion. Solvay expects to close the deal in late August 2011 subject to antitrust approval in Europe and the...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2014 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa