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Solvay Launches Itself Into Aerospace Composites with Cytec Purchase

2015-07-30 01:35:01| Chemicals - Topix.net

NEW YORK -- Brussels-based chemicals maker Solvay announced an agreemen t on Wednesday to buy Woodland Park, N.J.-based Cytec Industries Solvay will pay Cytec shareholders $75.25 a share in cash, or 28.9% more than the target's Tuesday closing price in New York. On Wednesday morning in Brussels, Solvay shares were up 3.1% at a 128 on the Euronext exchange, for a market value of around a 10.8 billion .

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