Simpson Thacher Represents JPMorgan as Financial Advisor to Cytec in Its $6.4 Billion Merger with a Subsidiary of Solvay
07.31.15
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Simpson Thacher is representing J.P. Morgan Securities LLC as financial advisor to Cytec Industries Inc. (“Cytec”) (NYSE: CYT) in connection with its merger with a subsidiary of Solvay S.A. for total cash consideration of US$5.5 billion, corresponding to an enterprise value of US$6.4 billion. The transaction is subject to customary closing conditions, including regulatory approvals and shareholder approvals, and is expected to close in the fourth quarter of 2015.
Cytec is a global specialty materials and chemicals company focused on developing, manufacturing and selling value-added products. Cytec’s products serve a diverse range of end markets including aerospace and industrial materials, mining, and plastics.
The Simpson Thacher team included Rob Spatt and Jihyun Chung (M&A).