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Services :: Financial
Chemical Finance Digest, April 9-13
4:03 PM MDT | April 17, 2012 | Vincent Valk
Topping the headlines last week, Cytec announced plans to acquire Umeco, a composites maker, for $439 million. The purchase price represents a 46.3% premium on Umeco’s closing share price on April 11, the day before the announcement. The deal expected to be immediately accretive to Cytec’s earnings. In other M&A news, private equity firm SK Capital and medical device company IBA have formed a medical isotopes distributor, while Arkema is rumored to be shopping its tin stabilizers business. Perhaps portending a good earnings season to...
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