Shares of Nexeo Solutions (NASDAQ: NXEO) rose nearly 17% today after the company announced that it had agreed to terms to be acquired by chemical and food ingredients distributor Univar (NYSE: UNVR). The proposed cash and stock deal has a total price tag of $2 billion, although that includes all of the smaller player's debt and other obligations. The net acquisition price works out to $11.65 per share, or a market cap of roughly $1.05 billion, comprising cash and stock.
Comment on Here's Why Nexeo Solutions Jumped as Much as 16.8% Today
newsfeedback@fool.com (Maxx Chatsko), The Motley Fool
Tue, 09/18/2018 - 11:53am
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