DLJ Merchant Banking Partners L.P.DLJ Merchant Banking Partners DLJ Merchant Banking Partners (DLJMB) is a LBO-focused private equity firm of Credit Suisse. DLJMB has offices in New York, London and Los Angeles. External links
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of investment banking firm of Donaldson, Lufkin & Jenrette bought Union Carbide's OrganoSilicon Products, Systems and Services business for $300 million. The price consists of a $220 million cash payment and an additional $80 million in preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. , which is convertible into 30% of the voting common stock in the new silicones company. The new owners will retain the company's 1,100 employees, but have renamed the business OSi Specialties. The business manufactures fluids and chemicals used in automotive, adhesives, thermoplastics, sealants and other specialty markets. Manufacturing plants are in Sistersville, WV; Antwerp, Belgium; Itatiba, Brazil; Termoli, Italy; and Cheonan, Korea. There are two R&D facilities in the U.S. and one in Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. , Switzerland. The sale will result in an after-tax gain for Union Carbide, but the exact amount has yet to be determined. |
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