Solvay Spreads Global Reach With $4.8B Rhodia Buy

Law360, New York (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...
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