Solvay Offers ?3.4 Billion for Rhodla

摘要

BRUSSELS, Belgium - Solvay and Rhodia have signed a framework agreement in which Solvay will launch a friendly cash offer for 100 percent of the share capital of Rhodia. At ?31.60 per share, the offer values the equity of Rhodia at ?3.4 billion. The offer will be launched in France and extended to the United States. The Board of Directors of Rhodia has recommended the transaction unanimously.