Kirkland Reps Solutia In $113M Buy Of Films Manufacturer

Law360, New York (October 7, 2011, 5:28 PM EDT) -- St. Louis, Mo.-based chemicals maker Solutia Inc. said Friday it had agreed to pay $113 million for Southwall Technologies Inc., which manufactures energy-saving film and glass products, to gain access to technology used in windows and electronic goods.

Under the terms of the deal, Solutia will pay $13.60 per share in cash for Palo Alto, Calif.-based   Southwall's common stock — representing a 45 percent premium to shares' closing price of $9.38 on the Nasdaq on Thursday, before the deal was announced. Solutia, which makes specialty materials for...
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