Monday, July 9, 2007

Univar agrees $2 bln bid by CVC, shares surge

(Reuters) - The bid from Ulysses Luxembourg S.a.r.l., a company controlled by funds managed by CVC Capital Partners , is at 53.50 euros per share, Univar and CVC said in a joint statement.




HAL Holding N.V. , which owns about 26.6 percent of Univar shares, said in a statement it has agreed to offer its stake to the bidder, and will not offer its shares to another party at a price below 57.50 euros within a certain time period.


Read more at Reuters.com Mergers News

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