# Lanxess shareholders approve $2.7B acquisition of Chemtura

Lanxess AG has received shareholder approval from Chemtura Corp. for its $2.7 billion acquisition. The deal, announced in September 2016, is expected to close in mid-2017 after U.S. antitrust approval.

- Type: Acquisition
- Announced: 2017-02-01
- Where: Philadelphia, Pennsylvania, United States
- Value: $2.70B
- Status: announced
- Products: flame-retardant additives, lubricant additives
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [LANXESS](https://endata.com/companies/15514.md) (acquirer)
- [Chemtura Corp.](https://endata.com/companies/21892.md) (target)

## Sources

- [bizjournals.com](https://www.bizjournals.com/pittsburgh/news/2017/02/01/lanxess-gets-shareholder-approval-for-acquisition.html), 2017-02-01: "Their approval is an important milestone on Lanxess' route to becoming one of the major players in the field of additives chemistry."
- [coatingsworld.com](https://www.coatingsworld.com/breaking-news/stockholders-approve-chemtura-merger-agreement-with-lanxess/), 2017-02-03: "Chemtura stockholders voted to approve and adopt the previously announced merger agreement under which LANXESS Deutschland GmbH, a wholly owned subsidiary of LANXESS AG, will acquire all of the outstanding shares of Chemtura common stock for $33.50 per share in cash, without interest."
- [business-standard.com](https://www.business-standard.com/content/b2b-chemicals/chemtura-shareholders-approve-acquisition-by-lanxess-117020400221_1.html), 2017-02-04: "We are pleased that Chemtura's shareholders are so supportive of the planned acquisition."
- [european-coatings.com](https://www.european-coatings.com/news/raw-materials/chemtura-shareholders-approve-acquisition-by-lanxess/), 2017-02-06: "We are pleased that Chemtura's shareholders are so supportive of the planned acquisition."
- [doi.org](https://doi.org/10.1016/s0306-3747(17)30058-1), 2017-04-01: "Chemtura stockholders voted to approve the previously announced merger agreement under which Lanxess AG will acquire the company for €2.4 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.