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Chemtura to sell agrochemicals business for $1 bln
April 17, 2014 / 11:16 AM / in 4 years

Chemtura to sell agrochemicals business for $1 bln

April 17 (Reuters) - Chemical company Chemtura Corp said it had entered into a deal to sell its agrochemicals business to Platform Specialty Products Corp, a global specialty chemicals company, for about $1 billion.

The deal, expected to close in the second half of 2014, will be funded with $950 million in cash and 2 million shares of Platform’s stock. (Reporting by Swetha Gopinath in Bangalore; Editing by Joyjeet Das)

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