September 17, 2018 / 8:21 PM / 3 months ago

Chemical distributor Univar to buy Nexeo for $1.05 bln

Sept 17 (Reuters) - Chemical distributor Univar Inc will acquire smaller rival Nexeo Solutions Inc for about $1.05 billion in a cash-and-stock deal.

The offer of $11.65 per Nexeo share represents a premium of 16.4 percent to the company's Monday close.

Including debt, the deal was valued at $2 billion, the companies said on Monday. (Reporting by Shanti S Nair in Bengaluru; Editing by Maju Samuel)

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