TAGS: Epoxy Adhesives
Hexion Holdings Corporation stockholders approve the company’s acquisition by affiliates of American Securities.
Hexion Holdings announces that stockholders holding approximately 64.32% of the outstanding shares of common stock of the company delivered to the company written consents approving the proposed acquisition of the Company by affiliates of American Securities.
Sale Aimed at Maximizing Shareholder Value
Under and subject to the terms of the definitive merger agreement with affiliates of American Securities, Hexion stockholders will be entitled to receive USD 30.00 in cash for each share of common stock they own.
The sale to American Securities, along with the earlier deal to sell its epoxy business to
Westlake Chemical, concludes Hexion’s evaluation of strategic actions aimed at maximizing shareholder value.
Based in Columbus, Ohio, Hexion is a manufacturer of thermoset resins. Hexion serves the adhesive, coatings, and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries.
Source: Hexion