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OM Group Stockholders Approve Platform Deal

Published: 11 August 2015
 by Chelsey Drysdale

CLEVELAND – OM Group said stockholders voted to approve the proposal to adopt the merger agreement entered into with Apollo Global Management and an affiliate of Platform Specialty Products.

Completion of the acquisition is expected by the end of 2015, and is subject to customary closing conditions and regulatory approvals in various jurisdictions.

On June 1, OM Group, Apollo and Platform announced a definitive merger agreement under which Apollo will acquire OM Group for $34 per share in cash, representing about 28% above OM Group's closing share price on May 29.

Platform will then purchase OM Group's Electronic Chemicals and Photomasks businesses from Apollo.

 

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