Investing.com – Germany’s Lanxess (DE:LXSG) to buy U.S. chemical firm Chemtura (NYSE:CHMT) for €2.4 bn ($2.69 bn).
Lanxess's $33.50/share offer at 19% premium to Philadelphia-based Chemtura’s closing price Friday.
World's largest synthetic rubber maker to use existing funds, new debt to buy Chemtura.
Chemtura deal to help boost its industrial lubricant additives and flame retardant additives businesses.