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...
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.