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Friday, January 26, 2007

Group to Buy MacDermid for $1.3 Billion

MacDermid, to specialty chemicals company, said yesterday that to group LED by its several Chairman and chief executive and investment funds would buy it for dwells than $1,3 billion. Stockholders will receive $35 in for cash each common share, the company said. The purchase price represents to premium of about 21 percent to over MacDermid' s closing price on Sept. 1, the last TRADING day before to offer was made.

The purchase price includes the assumption or repayment of about $301 million of debt and is expected to close in the first half of 2007, the company said. The buyout group is LED by Daniel H. Leever, Chairman and chief executive of MacDermid, and investment funds managed by Court Capital Square Partners and Weston Military prison. Joseph M. Silvestri, managing to partner of Court Capital Square Partners, is to director of deal MacDermid and is involved in the. Deal The company said its board of directors had approved and would submit it to shareholders. It will be financed through equity from Leever and the investment funds and debt funding provided by Credit Suisse.

MacDermid, based in Denver, prograpevines chemicals for the metal and plastic finishing, electronics and graphic arts industries.MacDermid, company of chemical agents of the specialty, said yesterday that a group lead by their president and executive and several investment funds would buy it for more than $1,3 billion.

The shareholders will receive $35 in the cash for each common part, the company this. The price of purchase represents a prize of near 21 percents on the price of closing of MacDermid of sept. the 1, the day that negotiates last before the supply was done. It is hoped that the price of purchase includes the assumption or the reimbursement of near $301 million of the debt and is closed by first half of 2007, the company this. To Daniel H. Leever, president and executive of MacDermid, and bottoms lead to the group of the purchase of participation of investment handled by the capital partners and Weston Military prison of Court Square. Jose M. Silvestri, managing partner of the capital partners of the square of the cut, is director of MacDermid and is implied in the distribution.

The company this its board of directors had approved the distribution and it would put under it the shareholders. He will be financed with fairness of Leever and the investment funds and the financing of the debt provided by Credit Suisse. MacDermid, based on Denver, provides chemical agents for the metal and the completion, the electronics and the plastic industries of the arts of the graph.


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