Kuraray to acquire Calgon Carbon in $1.3B deal

Industrial Chemicals | Moon, PA | Corporate Acquisition

Japan-based specialty chemical company Kuraray has agreed to purchase Calgon Carbon for $21.50 per share in an all-cash transaction worth $1.3 billion, including Calgon Carbon's net debt. The acquisition will create a new Kuraray subsidiary that will merge into Calgon Carbon. The company provides cleantech products for wastewater, drinking water, pollution reduction, and a variety of industrial and commercial manufacturing processes. Shares of Calgon Carbon (NYSE: CCC) rose 62% Thursday.

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