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Belgium's Solvay to buy Cytec for $5.5 billion

2015-07-29 08:02:24| Chemicals - Topix.net

Belgium-based chemicals company Solvay SA said Wednesday it is buying its U.S. counterpart Cytec Industries Inc. for $5.5 billion, or $75.25 per share, and will hold a 1.5 billion euro capital increase to finance the sale.

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