The Valence Group geeft billijkheidsoordeel over samenvoeging Quaker en Houghton
NEW YORK–(BUSINESS WIRE)– The Valence Group heeft de Quaker Chemical Corporation (NYSE: KWR) een billijkheidsoordeel gegeven inzake zijn onlangs aangekondigde samenvoeging met Houghton International Inc.
Krachtens de overeenkomst ontvangen aandeelhouders van Houghton International een combinatie van geld en aandelen van Quaker Chemical. Daarnaast neemt Quaker Chemical uitstaande schulden van Houghton International over.
The Valence Group Issues Fairness Opinion to Quaker in Combination with Houghton |
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NEW YORK–(BUSINESS WIRE)– The Valence Group has provided a fairness opinion to the Board of Directors of Quaker Chemical Corporation (NYSE: KWR) in connection with its recently announced combination with Houghton International Inc. Under the terms of the agreement, Houghton International shareholders will receive a mix of cash and Quaker Chemical stock, and Quaker Chemical will assume Houghton International’s outstanding net debt. At the time of announcement, the aggregate transaction consideration was valued at $1.42 billion. About Quaker Chemical Quaker Chemical is a leading global provider of process fluids, chemical specialties and technical expertise to a wide range of industries, including steel, aluminum, automotive, mining, aerospace, tube and pipe, cans and others. For nearly 100 years, Quaker Chemical has helped customers around the world achieve production efficiency, improve product quality and lower costs through a combination of innovative technology, process knowledge and customized services. Headquartered in Conshohocken, Pennsylvania, Quaker Chemical serves businesses worldwide with a network of dedicated and experienced professionals whose mission is to make a difference. About Houghton International Houghton International is a global leader in delivering advanced metalworking fluids and services for the automotive, aerospace, metals, mining, machinery, offshore and beverage industries. Headquartered in Valley Forge, Pennsylvania, Houghton International operates research, manufacturing and office locations in 33 countries around the world. Houghton International is a Hinduja Group Company, which has owned more than 95% of Houghton International since 2012. About The Valence Group The Valence Group is a specialist investment bank offering M&A advisory services exclusively to companies and investors in the chemicals, materials and related sectors. The Valence Group team includes a unique combination of professionals with backgrounds in investment banking and strategy consulting within the chemicals and materials industries, all focused exclusively on providing M&A advisory services to the chemicals and materials sector. The firm’s offices are located in New York and London. View source version on businesswire.com: http://www.businesswire.com/news/home/20170406005640/en/ Contacts The Valence Group |
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