Solutia acquired 95.7% of the Southwall Technologies

(PlastEurope) -- Specialty chemicals company Solutia (St. Louis, Minnesota / USA) on 23 November 2011 announced that it had acquired 95.7% of the outstanding shares in energy-saving films company Southwall Technologies (Palo Alto, California / USA) by the time the offer expired the day before.

The St. Louis-based group paid USD 13.60 per share and said Southwall stockholders who had not yet tendered their shares would be able to receive the same price. Southwall will now become a wholly-owned Solutia subsidiary.

Perspectives of development of the polymers markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit is organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.

mrcplast.com