Chemical Cos. Offer EU Antitrust Fixes For PE-Backed Merger

Law360, New York (March 20, 2017, 5:07 PM EDT) -- North Carolina-based chemicals company Reichhold Group and Italian polymers maker Polynt Group offered concessions to Europe’s antitrust watchdog on Friday, as the companies look to seal a private equity-backed deal that would form a global industry player with more than €2.1 billion ($2.26 billion) in revenues.

The specialty chemicals companies did not specify what changes they are considering to make in hopes of appeasing concerns brought up by the European Commission. The new provisional deadline for the competition watchdog to review the transaction is May 12,...
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