Reichhold announced that the executive management team, led by president and CEO John S. Gaither, has reached agreement with Dainippon Ink and Chemicals, Inc.(DIC) for a management buyout. Reichhold has been the wholly owned subsidiary of DIC since 1987. The agreement was signed on Sept. 12, 2005 and is planned to close on Sept. 30, 2005. According to reports, DIC sold Reichhold for $1, and booked a $486 million special loss for the first half of 2005. DIC had acquired Reichhold in 1987 for $...