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Lanxess AG (LXSG.DE)

LXSG.DE on Xetra

16 Jan 2017
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Thu, Nov 10 2016

UPDATE 1-Lanxess lifts 2016 profit guidance for the third time

* Pushing into specialised materials after rubber stake sale (Ads details on sales volumes in Asia, recent deals)

Germany's Lanxess to buy U.S. chemical firm Chemtura for $2.7 billion

FRANKFURT Lanxess AG is to buy U.S. speciality chemical company Chemtura for 2.4 billion euros ($2.69 billion) including debt in the German company's largest ever takeover, moving it further away from its main synthetic rubber business.

UPDATE 3-Germany's Lanxess to buy U.S chemical firm Chemtura for $2.7 bln

* Shares rise 8 pct, top gainers on STOXX 600 index (Adds shares, background on Lanxess development, analyst comment)

BRIEF-Lanxess signs contract to acquire Chemtura

* Offering all cash consideration of $33.50 per share for chemtura

Lanxess to buy Chemtura for $33.50 per share in cash

Sept 25 Germany's Lanxess AG said on Sunday it would buy U.S.-based specialty chemical company Chemtura Corp for $33.50 per share in cash.

BRIEF-Lanxess sees 30 mln eur EBITDA from Clean & Disinfect by 2020

* Annual EBITDA contribution of eur 20 million initially, rising gradually to eur 30 million by 2020 Further company coverage:

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