Suez Lyonnaise is set to buy Nalco Chemical; water-treatment concern will make French firm leader in the industry

Article Abstract:

Suez Lyonnaise des Eaux has agreed to buy Nalco Chemical Co for US$4.1 billion, or $53/share. The price offered is 24% higher than the closing price of Nalco stock on June 25, 1999. If Suez Lyonnaise completes the transaction, it will become the leading provider of water treatment services globally, surpassing Vivendi S.A. Nalco has more than 45,000 industrial customers in 120 countries, and reported 1998 profits of $37.9 million on revenues of $1.57 billion. Suez Lyonnaise would assume $406 million in Nalco debts as part of the transaction.

Foreign operations, France, Chemicals & Allied Products, Chemical Manufacturing, Chemicals, SUEZ S.A., Nalco Chemical Co.

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Bayer to sell chemicals unit for $899 million

Article Abstract:

Bayer AG plans to sell H.C. Starck, its chemical division, to Advent International and Carlyle Group, for $899 million. The sale will help pay for Bayer's acquisition of pharmaceutical company Schering AG.

Investment Banking and Securities Dealing, Investment Banking, CHEMICALS AND ALLIED PRODUCTS, Security brokers and dealers, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Management investment, open-end, Germany, Investment banks, Company acquisition/merger, Holding companies, Bayer AG, Mutual fund industry, Carlyle Group L.P., Pesticides industry, Herbicides, BAYZY, Sulphur industry, Subsidiaries, divisions and units, Advent International Corp., H.C. Starck Gesellschaft mit beschraenkter Haftung und Company KG

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