Platform Acquisition To Shell Out $1.8B For MacDermid

Law360, Los Angeles (October 10, 2013, 9:56 PM EDT) -- Platform Acquisition Holdings Ltd. will buy specialty chemical maker and oil driller MacDermid Inc. for $1.8 billion, then take the merged company public before the year ends, Platform told investors on Thursday.

The deal will keep MacDermid’s executive team essentially intact, the acquirer said. Platform is funding the buy with money it gained in an initial public offering, an amendment to a term loan held on MacDermid’s books and proceeds from a warrant exchange offer, the company said.

The investment company will be renamed Platform Specialty...
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