A. Schulman Snaps Up ICO For $191.4M

Law360, New York (December 3, 2009, 4:57 PM EST) -- Plastics company A. Schulman Inc. revealed Wednesday that it will fork over $191.4 million to acquire ICO Inc., a global producer of custom polymer powders and plastic film concentrates, in a bid to enhance its position in the global rotomolding and masterbatch markets.

Under the terms of the cash-and-stock deal, ICO shareholders will receive about $3.67 per share in cash and about $3.12 in A. Schulman stock assuming the cash-out of all ICO stock options at their “in the money” spread based on Wednesday's closing price,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.