09 July 2007 10:34 [Source: ICIS news]
A joint statement from Univar and Ulysses ?xml:namespace>
The share offer is a 36% increase on the closing share price on Friday, which was €38.97.
The statement said the buy out was not expected to affect employment at the company and Univar would continue operating separately.
Univar is one of the biggest distributors of chemicals and specialty services and operates a network of over 200 distribution centres, which are based primarily in the
CVC is a private equity and investment advisory firm, which has an extensive portfolio including media companies and department stores.
On 4 July it agreed to acquire Belgium-based alkylamines and derivatives producer Taminco from AlpInvest Partners for €800m.
($1 = €0.73)
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