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Cytec deal approved

7:11 AM MST | February 15, 2013

The European Commission says it has approved the acquisition of the coating resins business of Cytec Industries by private equity firm Advent International (New York). The deal was announced in October 2012 and reported to be valued at $1.15 billion. The business produces coating resins, additives, and cross-linkers, among other products. The commission had, in mid-January, invited interested parties to express their observations on the proposed...

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