GFM Network News

German chemical firm Lanxess to buy Chemtura

Reuters — Lanxess AG said on Sunday it would buy specialty chemical company Chemtura Corp. for about US$2.5 billion, to improve the German company’s additives business. Lanxess’s offer of US$33.50 for each Chemtura share represents a premium of about 19 per cent to the Philadelphia-based company’s close on Friday. The world’s largest synthetic rubber maker […] Read more

U.S. buyer completes takeover of ag chem firm Arysta

U.S. industrial chemical producer Platform Specialty Products Corp. has sealed its deal to buy ag chemical firm Arysta LifeScience for about US$3.5 billion (C$4.35 billion). Miami-based, publicly-traded PSPC, which in the past year has bought ag chem firms Agriphar Group and Chemtura AgroSolutions, announced its plans to buy the Dublin-based multinational Arysta business last fall. […] Read more