Cytec Industries Inc. announced a definitive agreement to divest its Coating Resins business to Advent International, a global private equity firm, for $1,032 million plus assumed liabilities of $118 million, bringing the total value to $1,150 million. The sale is expected to close in the first quarter 2013, following the satisfaction of regulatory requirements and other customary closing conditions. “I am extremely pleased with the evolution of Cytec over the last 18 months and this transact...