Wilbur Ross to acquire Nexeo for $1.7B

Posted online March 21, 2016 | 11:32 am

Investor Wilbur Ross' WL Ross Holdings plans to buy chemicals and plastics distributor Nexeo Solutions Holdings from private equity firm TPG in a cash-and-stock deal valued at $1.7 billion.

The deal includes 35 million shares of WL Ross common stock

In the deal, TPG would retain a 35 percent stake in Nexeo.

Read more from Reuters.

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