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Move sends Rhodia's stock soaring.
April 4, 2011
By: TOM BRANNA
Editor
Solvay SA agreed to buy Rhodia SA for 3.4 billion euros ($4.8 billion). Rhodia’s stock surged 48% in Paris trading, its biggest increase on record. The price of E31.60 per share represented a 50% premium on the stock’s opening price. According to company executives, the creation of a new group will accelerate the shared ambition to create a large global chemical company committed to sustainable development. The new group will capitalize on its large geographic footprint, th...
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