CVC Agrees to Buy Univar

Private equity firm CVC Capital Partners (London) has agreed to acquire Univar for about €1.52 billion ($2.1 billion), in a deal that will further increase the number of top chemical distributors under private equity ownership. The proposed deal also will accelerate the expansion of CVC’s portfolio of chemical assets. The transaction is expected to close in the third quarter. Pruitt: Staying on as Univar CEO. Ulysses Luxembourg, a CVC affiliate, intends to offer €53.50/share in cash for Univar, a 37.3% premium over Univar’s closing price on...

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