Lanxess AG (LXSG.DE)
16 Jan 2017
Thu, Nov 10 2016
* Pushing into specialised materials after rubber stake sale (Ads details on sales volumes in Asia, recent deals)
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.
* Shares rise 8 pct, top gainers on STOXX 600 index (Adds shares, background on Lanxess development, analyst comment)
* Offering all cash consideration of $33.50 per share for chemtura
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.
* Annual EBITDA contribution of eur 20 million initially, rising gradually to eur 30 million by 2020 Further company coverage: