Deal Snapshot
ITALMATCH TO ACQUIRE US CHEMICAL MAKER DETREX FOR USD 27/SHARE
Wednesday 15 November 2017

A newly formed subsidiary of Italy based chemical company Italmatch Chemicals Group has agreed to a plan of merger agreement to acquire Michigan, US-based chemical company Detrex Corp. (OTCQX: DTRX) in a cash transaction for USD 27/share, the company said.
Under the terms of the merger agreement, each share of Detrex common stock outstanding immediately prior to the merger will be converted into and exchanged for the right to receive USD 27.00 in cash.


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Details
Date Published: 15/11/2017
Target: Detrex Corp
Country: USA
Deal Size: 50m (USD)
Sector: Chemicals
Type: Corporate acquisition
Financing: Cash
Status: Agreed
Vendor:
Buyer: Italmatch Chemicals Group
Buyer Advisor: Lincoln International , Dykema Gossett , Giovannelli e Associati
Comment:


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