Italmatch Chemicals to acquire Detrex Corp. for $27 per share

Italmatch Chemicals Group and Detrex Corp. announced a definitive merger agreement under which a subsidiary of Italmatch will acquire Detrex for $27.00 per share in cash. The transaction is expected to close by December 31, 2017.

“After thorough analysis, the Board has unanimously endorsed this proposed sale, which we believe maximizes value for our stockholders.”chemengonline.com

• 2 sources
• chemengonline.comItalmatch and Detrex to merge - Chemical Engineering | Page 1Mary BaileyNov 16, 2017
• prnewswire.comItalmatch Chemicals Group acquires Detrex Corporation, a leading American company of high performance specialty chemicals for the industrial lubricant marketsItalmatch ChemicalsDec 11, 2017

Summarized from public sources; check the original articles before acting on it.