Skadden Reps AkzoNobel In $1.3B Nat'l Starch Buy

Law360, New York (June 21, 2010, 12:24 PM EDT) -- Corn refiner and ingredient giant Corn Products International Inc. said Monday that it had bought Akzo Nobel NV's National Starch unit for $1.3 billion, creating what Corn Products officials said would be a fast-growing global ingredient behemoth with as much as $5 billion in revenue potential.

Westchester, Ill.-based Corn Products will pick up the New Jersey-based specialty and modified starch manufacturer for $1.3 billion in cash and the assumption of certain pension and employee benefit liabilities, according to the companies.

Both Corn Products' and AkzoNobel's boards...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.