1. Lanxess to buy Chemtura for about $2.12 billion in cash

    Lanxess to buy Chemtura for about $2.12 billion in cash

    Lanxess AG said on Sunday it would buy specialty chemical company Chemtura Corp for about $2.12 billion in cash to improve the German company's lubricants and flame retardants business. Lanxess, the world's largest synthetic rubber maker, is offering $33.50 in cash for every Chemtura share, representing a premium of about 19 percent to the Philadelphia-based company's close on Friday.

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