Tuesday, September 18, 2018

MPM HOLDINGS INC. ENTERS INTO AGREEMENT TO BE ACQUIRED BY INVESTOR GROUP CONSISTING OF SJL PARTNERS, KCC CORPORATION AND WONIK QNC CORPORATION

WATERFORD, N.Y. & SEOUL, South Korea, Sept 13 (Bernama-BUSINESS WIRE) -- MPM Holdings Inc. (“Momentive” or the “Company”) (OTCQX:MPMQ), a global silicones and advanced materials company, and SJL Partners LLC (“SJL”), KCC Corporation (KS:002380) (“KCC”) and Wonik QnC Corporation (KOSDAQ:074600) (“Wonik”) (collectively, the “Investor Group”), today announced that they have entered into a definitive merger agreement whereby the Investor Group will acquire Momentive in a transaction valued at approximately $3.1 billion, including the assumption of net debt, pension and OPEB liabilities.

Based in Waterford, New York, Momentive develops and manufactures specialty silicones and silanes, as well as fused quartz and specialty ceramics products. Momentive has a more than 75-year track record of creating products and solutions to serve more than 4,000 customers in over 100 countries. The Company has a global network of 24 production sites and 12 research and development facilities.
http://mrem.bernama.com/viewsm.php?idm=32677

No comments:

Post a Comment