TITLE

Apollo to Merge Momentive and Hexion

AUTHOR(S)
Coons, Rebecca
PUB. DATE
September 2010
SOURCE
Chemical Week;9/20/2010, Vol. 172 Issue 22, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of New York-based private equity company Apollo Management to merge Momentive Performance Materials and Hexion to form one of the world's largest specialty chemical producer. Expected to close on October 1, 2010, the new company will be operated under Momentive Performance Materials with capital structure divided between the two enterprises. The company will be located in Columbus, Ohio with its silicones and quartz venture in Albany.
ACCESSION #
54093606

 

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