Crompton & Knowles and Witco Are Next to Get Hitched. From: Chemical Week | Date: June 9, 1999| Author: Moore, Samuel K.; Walsh, Kerri | COPYRIGHT 1999 Chemical Week Associates. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

The consolidation of the U.S. Specialty Chemical sector continues with Crompton & Knowles's (C&K) and Witco's agreement to form a $3.2- billion/year company, C&K Witco. In a tax-free, stock-for-stock merger of equals, C&K will hold a 55% stake in the new company. Each share of C&K stock will be converted into a share of the new company, and Witco stock will be exchanged for 0.9242 shares of C&K Witco.

C&K chairman and CEO Vincent Calarco will become CEO and president, a...

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