We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Solvay Spreads Global Reach With $4.8B Rhodia Buy

Law360 (April 4, 2011, 3:04 PM EDT) -- Belgium-based chemical giant Solvay SA said Monday it would purchase all Rhodia SA's shares in a $4.8 billion cash deal that values the French specialty chemicals maker at $9.4 billion and sets up a drive into emerging markets.

Solvay's €31.60-per-share offer represents a 50 percent premium over Paris-based Rhodia's share price as of April 1 and values Rhodia equity at more than $4.8 billion, the companies said Monday.

They said the result of the tie-up would be a supercharged leader in the international chemicals business with...
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.