Chemicals maker Platform Specialty to buy Alent for $2.1 bln

Mon Jul 13, 2015 2:23am EDT
 
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July 13 (Reuters) - Chemicals maker Platform Specialty Products Corp said it would buy Alent Plc for about 1.35 billion pounds ($2.09 billion) in cash.

The 503-pence-per-share offer comes at a 49 percent premium to the British chemical maker's Friday close.

($1 = 0.6446 pounds) (Reporting By Mamidipudi Soumithri in Bengaluru; Editing by Gopakumar Warrier)