in this issue
Regions :: Western Europe :: Sweden
Yara Plans to Acquire GrowHow in Fertilizer Megadeal
7:30 AM MDT | August 6, 2007 | Chemical Week Editorial Staff
Yara International (Oslo) says it has acquired the Finnish government’s 30.05% stake in Kemira GrowHow (Helsinki) for an undisclosed sum. The rest of GrowHow is listed on the Helsinki stock exchange. Yara says it will launch a mandatory tender offer for those shares under Finnish stock exchange rules. The GrowHow board has recommended that shareholders accept Yara’s €12.12/share offer, which represents a 30% premium over GrowHow’s closing price on May 23 and values GrowHow at €672 million ($902 million). However, the proposed...
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