Brief: MPM Holdings To Be Acquired By Investor Group Consisting Of SJL, KCC Corp, Wonik

KCC

13/09/2018 06:28

Sept 13 (Reuters) - MPM Holdings Inc  MPMQ.PK :
    * ENTERS INTO AGREEMENT TO BE ACQUIRED BY INVESTOR GROUP
CONSISTING OF SJL PARTNERS, KCC CORPORATION AND WONIK QNC
CORPORATION
    * TRANSACTION VALUED AT APPROXIMATELY $3.1 BILLION
    * TERMS OF AGREEMENT UNANIMOUSLY APPROVED BY BOARDS OF
DIRECTORS
OF MOMENTIVE, KCC AND WONIK
    * MOMENTIVE STOCKHOLDERS WILL RECEIVE $32.50 FOR EACH SHARE
OF
COMMON STOCK THEY OWN SUBJECT TO MINIMUM CLOSING CASH
REQUIREMENTS
    * INVESTOR GROUP WILL ASSUME MOMENTIVE'S NET DEBT
OBLIGATIONS
SUBJECT TO MINIMUM CLOSING CASH REQUIREMENTS OF $250 MILLION
    * TRANSACTION WILL BE FINANCED THROUGH A COMBINATION OF CASH
AND
NEW DEBT
    * GOLDMAN SACHS & CO LLC AND MOELIS & COMPANY LLC ARE
SERVING AS
FINANCIAL ADVISORS TO MOMENTIVE
    * UBS INVESTMENT BANK IS SERVING AS FINANCIAL ADVISOR TO
INVESTOR
GROUP

Source text for Eikon:  ID:nBw6ygyJ8a 
Further company coverage:  MPMQ.PK 

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