Food Industry
Industry: Email Alert RSS FeedISP is going private
Wines & Vines, Jan, 2003
International Specialty Products, Inc. (ISP) has reached an agreement with its majority stockholder to take the company private. Samuel J. Heyman, who currently beneficially owns approximately 80.9% of ISP's outstanding shares agreed to purchase the remaining publicly traded shares for $10.30 cash per share.
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The transaction is expected to proceed as a merger, and has a value of approximately $130 million. ISP is a multinational manufacturer of specialty chemicals and mineral products.
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