Solutia starts tender offer for Southwall Technologies buy

Solutia starts tender offer for Southwall Technologies buy

Oct 26, 2011 - US Solutia Inc (NYSE:SOA), a maker of speciality chemicals used in solar cells, yesterday said it had kicked off its cash tender offer to acquire films and glass products maker Southwall Technologies Inc (NASDAQ:SWTX).

The tender period will end on November 22, 2011, the company said in a statement.

After its completion, Southwall shareholders will get USD 13.60 (EUR 9.81) per share in cash. The deal also needs stockholder and regulatory clearance clearance to go through.

(USD 1 = EUR 0.722)

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