Lanxess AG Germany special chemical materials companies announced Sunday that it would spend $2.7 billion to buy U.S. trade Chemtura Corp, expected to expand the business scope to petrochemical additives and flame retardants etc.

Chemtura Lanxess acquisition price is equivalent to $33.5 a share, the comparison Chemtura Friday's closing price of $28.18, premium is close to twenty percent (18.9%). (the Wall Street journal) Lanxess said to raise the funds required for the mergers and acquisitions, plans to issue new debt, and have achieved "bridging finance" (bridge financing), is expected to end in the middle of next year the whole case. In the meantime, Lanxess previously announced the implementation of 200 million euros to interrupt execution stock will be called. Lanxess CEO Craig a. Rogerson said that the deal will create value for shareholders, customers and employees, Chemtura executive Matthias Zachert argues that mergers can make existing business more money.