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Univar Raises Bid for ChemCentral

12:33 PM MDT | July 27, 2007 | Esther D’Amico

The battle for the top spot among global chemical distributors heated up last week as number two Univar upped its offer to acquire privately held ChemCentral by $50 million, to $650 million, to counter a rival bid from number one Brenntag. ChemCentral, number four globally, says it has agreed to Univar’s revised offer, which followed Brenntag’s non-binding $700-million bid. The Univar-ChemCentral merger, which will make Univar number one in the sector, is expected to close in early April. Univar says the revised offer prohibits ChemCentral from...

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