Synthomer $824 million acquisition of OMNOVA Solutions

Overview:

• British chemical manufacturer Synthomer has acquired US chemical company OMNOVA Solutions in an $824 million deal. 
• Synthomer paid $10.15 per OMNOVA share. 
• Morgan Stanley acted as financial adviser for Synthomer. 
• The transaction is expected to close in either late 2019 or early 2020. 

Kurt Stumpo - US Editor