5 Simple Statements About solvay process Explained
5 Simple Statements About solvay process Explained
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This acquisition is structured for a dollars merger involving Cytec and also a subsidiary of Solvay. The merger is subject to customary closing situations, together with regulatory approvals and Cytec shareholders’ approval. The transaction is anticipated to close during the fourth quarter of 2015.
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Our buyers and our employees really should be expecting to find out continuity and robust assist of our existing system,” claimed Shane Fleming, CEO of Cytec.
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Solvay will convene, sooner or later, a unprecedented standard Assembly of its shareholders to vote around the proposed legal rights concern. The Board of Directors of Solvac, Solvay’s main shareholder, has unanimously verified its assistance for that transaction and its intention to vote in favor in the cash boost.
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