A consortium led by KKR has agreed to acquire Taiwanese specialty chemicals producer LCY Chemical Corp. (TPE: 1704) for approximately TWD47.8 billion (US$1.56 billion). KKR and other investors have agreed to acquire all of the issued and outstanding shares of LCY for TWD56 per share in cash, adjusted to include a TWD2.90 per share dividend. The transaction has been unanimously approved by the board of directors of LCY, the two companies announced today. The offer price represents a premium of …

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