WL Ross to buy chemicals distributor Nexeo from TPG

March 21, 2016 11:05 AM

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WL Ross Holdings Corp (WLRH.O) said on Monday it would buy chemicals and plastics distributor Nexeo Solutions Holdings LLC from private equity firm TPG in a deal valued at $1.67 billion.

The deal comprises up to 35 million shares of WL Ross common stock and $1.3 billion in cash and debt.

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