Imperial Chemical Industries PLC.Imperial Chemical Industries PLC Imperial Chemical Industries PLC (ICI) Major British chemical corporation. It was founded in 1926 as Imperial Chemical Industries Ltd. to amalgamate four major British chemical companies. Between World Wars I and II, ICI was a major competitor of IG Farben. (ICI (language) ICI - An extensible, interpretated language by Tim Long with syntax similar to C. ICI adds high-level garbage-collected associative data structures, exception handling, sets, regular expressions, and dynamic arrays. ) of London and Union Carbide (UCC An abbreviation for the Uniform Commercial Code. ) announced that UCC has completed the purchase of certain ICI ethylene oxide ethylene oxide Occupational medicine A gas used to sterilize medical supplies and other materials derivatives businesses, including its ethylene glycol, glycol ethers and acetates, ethanolamines and brake fluids businesses. UCC and Mitsubishi have concluded the sale of newly issued common stock representing 75% of UCAR UCAR University Corporation for Atmospheric Research UCAR Unmanned Combat Armed Rotorcraft UCAR Utility Cost Analysis Report International's outstanding shares to a new company formed by Blackstone Capital Partners II Merchant Banking Fund L.P. UCAR has been a joint venture of UCC and Mitsubishi, which purchased 50% interest in UCAR in 1991. UCC received $346.5 million in cash proceeds and retained a 25% equity interest in UCAR. The transaction will result in a nonrecurring, material gain for Union Carbide that will be based on a final evaluation of assets and obligations, and will be recorded in the first quarter of 1995. UCC plans to use the cash proceeds for general corporate purposes. UCAR redeemed all of the shares owned by Mitsubishi for $406 million i n cash. |
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