Industry News, Mergers and Acquisitions, Suppliers News

Solvay Acquires Cytec for $5.5 Billion

Represents a 2015 estimated EBITDA multiple of 14.7x and of 11.7x when considering synergies potential.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Solvay has entered into a definitive merger agreement with U.S.-based Cytec to acquire 100% of its share capital for US$ 75.25 per share in cash. The total cash consideration will amount to US $5.5 billion, corresponding to an enterprise value of US$ 6.4 billion and representing a 2015 estimated EBITDA multiple of 14.7x and of 11.7x when considering synergies potential linked to the transaction.   The transaction price per share represents a premium of 28.9% compared to the closing price of Cy...

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