Crompton, Great Lakes to merge in $1540 million deal

Middlebury, Connecticut–Polymer and speciality chemicals producer Crompton Corp. is merging with Indianapolis-based Great Lakes Chemical Corp. in a stock-swap transaction valued at $1800 million, including about $250 million of Great Lakes debt and minority interest.

The new company, to be 51-percent owned by Crompton shareholders, will have combined pro forma 2004 revenues of more than $4100 million and a market capitalisation of nearly $3200 million, the companies said. It will hold leading positions in speciality chemical niche businesses such as plastics additives, petroleum additives, flame…

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