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Sumitomo Closes Cambridge Deal

8:25 AM MDT | September 26, 2007 | Chemical Week Editorial Staff

Sumitomo Chemical says it has completed its previously announced acquisition of Cambridge Display Technology (CDT; Cambridge, U.K.) for about $285 million ($12/share). Sumitomo says the deal enables it to “improve the performance of light-emitting materials and organic light-emitting diode (OLED) display-related materials, and further accelerate the development of commercial technologies for the manufacture of OLED...

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