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Solvay Plextronics bid

5:54 AM MST | January 24, 2014

Plextronics (Pittsburgh, PA), a producer of conductive polymers, has filed for bankruptcy and requested authorization from the US Bankruptcy Court to pursue a sale by auction, the company announced on 17 January. Solvay has agreed to place a stalking-horse bid, which sets a minimum price for the acquisition. According to a report in The Wall Street Journal, Solvay has offered $32.6...

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