Nevada Chemicals to be acquired by Calypso Acquisition, shares spike
Nevada Chemicals, Inc. (Nasdaq:NCEM) said late Friday that it will be bought out by Calypso Acquisition Corp., an affiliate of Cyanco Holding Corp. and OCM Principal Opportunities Fund IV, for $13.37 per share. The offer price represents a 36% premium over Nevada Chemicals’ closing price on September 5.
Shares leaped 34%, or $3.33, to $13.13 ahead of the opening. For detailed price information and news stories on Nevada Chemicals, click NCEM.
