Sterling Chemicals—a Houston-based company that put itself on the block in January—has reached a definitive agreement to sell the company to two investment banking firms. The deal could spark a bidding war with Huntsman Corp., another potential purchaser. The two firms are Sterling Group, also based in Houston, and the Unicorn Group of Cranford, N.J. They are offering shareholders $12 per share in cash or in a combination of cash and securities, in a deal worth a total of at least $668 million.
展开▼
