Germany's Lanxess to buy U.S. chemical firm Chemtura for $2.7 billion
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Moody's Places Chemtura (CHMT) Ratings on Review for Upgrade
September 26, 2016 12:16 PM EDTMoody's Investors Service placed Chemtura Corporation's (NYSE: CHMT) Ba3 Corporate Family Rating (CFR), Ba3-PD probability of default rating and B1 senior unsecured guaranteed notes rating on review for upgrade.
This action follows the announcement that Chemtura has agreed to be acquired by Lanxess AG (Baa3, Stable) for a total consideration of $2.5 billion, or 10x EBIDTA on a pre-synergy basis.
The transaction has been approved by each of Chemtura's and Lanxess's boards of directors, but is still subject to Chemtura shareholders' approval, receipt of necessary antitrust and other regulatory approvals and customary conditions... More
Longbow Research Downgrades Chemtura Corporation (CHMT) to Neutral
September 26, 2016 10:32 AM EDTLongbow Research downgraded Chemtura Corporation (NYSE: CHMT) from Buy to Neutral.
For an analyst ratings summary and ratings history on Chemtura Corporation click here. For more ratings news on Chemtura Corporation click here.
Shares of Chemtura Corporation closed at $28.18 yesterday.
... MoreSunTrust Downgrades Chemtura Corporation (CHMT) to Neutral
September 26, 2016 7:23 AM EDTSunTrust Robinson Humphrey downgraded Chemtura Corporation (NYSE: CHMT) from Buy to Neutral with a price target of $33.50.
For an analyst ratings summary and ratings history on Chemtura Corporation click here. For more ratings news on Chemtura Corporation click here.
Shares of Chemtura Corporation closed at $28.18 yesterday.
... More
