This Slide: #30 of 91 |
Slide #30. KIK Custom Products — Chemtura Consumer Products Segment
Acquirer:
KIK Custom Products
Acquiree:
Chemtura Consumer Products Segment (CHMT)
Details:
Chemtura Corporation (NYSE:CHMT) (Euronext: CHMT) today announced that on Dec. 31, 2013, it completed the sale of its Consumer Products business, including dedicated manufacturing plants in the U.S. and South Africa, to KIK Custom Products Inc. ("KIK") for an adjusted purchase price of $300 million. The $15 million reduction reflects the resolution of certain pre-closing matters by the parties. The purchase price is subject to a post-closing adjustment for working capital and assumed pension liabilities.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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