Univar increases offer for Chemcentral

Chemicals distributor Univar has increased its bid for America’s Chemcentral to $650m, following a $700m bid from German rival Brenntag. Univar had previously reached a preliminary deal on a $600m offer.

Univar said it expects to complete the takeover by the end of next month, despite the German firm’s intervention. Chemcentral’s management backs the Univar deal.

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