White & Case Reps Clariant In $2.7B Sud-Chemie Buy

Law360, New York (February 16, 2011, 3:10 PM EST) -- Clariant AG is set to acquire 95 percent of the outstanding shares of Germany-based Sud-Chemie AG in a $2.7 billion deal the Swiss buyer said Wednesday would expand its reach and make it less prone to cyclical earnings swings.

JPMorgan Chase & Co.'s private equity unit One Equity Partners will sell its stake — 50.4 percent of the total transaction — to Clariant for €121 ($164) per share, the companies said, while Sud-Chemie's family shareholders will swap their shares for Clariant stock.

"We will remain closely...
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