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Quaker Chemical agreed to acquire Houghton International in a deal valued at over $1.4 billion in cash, stock, and debt. The combined company will be run by Quaker's CEO, with expected cost savings of $45 million.
Quaker Chemical Corporation and Houghton International Inc. executed a definitive agreement to combine, with Houghton shareholders receiving $172.5 million cash and 24.5% ownership of the combined company.