Taiwan’s LCY Chemical goes private

Taipei – Private equity firm KKR & Co. Inc. has taken LCY Chemical Corp. private in a stock exchange and purchase deal that values the Taiwanese polymer producer at $1.56 billion (€1.37 billion).

With the transaction, Taipei-based LCY has been delisted from the Taiwanese Stock Exchange, the company announced.

On 24 Jan, LCY was also dropped from the S&P Global Broad Market Index.

In July 2018, a consortium led by New York-based KKR agreed to acquire all of LCY’s shares for $1.82 per share in cash.

The consortium includes…

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