New York— Hexion Holdings Corp. has entered into a definitive agreement in which it is to be purchased by affiliates of American Securities for $30 per share in cash. The transaction, scheduled to close in the first half of 2022, is subject to shareholder and regulatory approvals, satisfaction of other customary closing conditions, and is conditional upon the closing of Hexion's previously announced sale of its epoxy business to Westlake Chemical Corp. (PCN, 6 Dec 2021, p 2).
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