A. Schulman Inc. stockholders have approved the merger agreement under which LyondellBasell Industries N.V. will acquire all of the outstanding shares of A. Schulman common stock. Upon completion of the merger, which is expected in the third calendar quarter of 2018, A. Schulman stockholders will be entitled to receive $42 in cash and one contingent value right for each share of A. Schulman’s common stock. A. Schulman stockholders also approved the non-binding advisory proposal regarding executive compensation related to the merger. The closing of the merger remains subject to the satisfaction of customary closing conditions, including approvals from competition agencies in the European Union and Russia, as well as CFIUS approval. More details on the merger can be found in our earlier report, here.
