Crompton-Great Lakes company to be named Chemtura
Mon May 9, 2005 01:07 PM ET
NEW YORK, May 9 (Reuters) - When speciality chemical company Crompton Corp. completes its $1.54 billion acquisition of Great Lakes Chemical Corp., the new company will be called Chemtura, the companies said on Monday.
Crompton shareholders will vote to approve the name (pronounced chem-CHOOR-a) when the shareholders of both companies vote on the merger, said a joint statement from Middlebury, Connecticut-based Crompton and Indianapolis-based Great Lakes.
They said the merger is expected to close by mid-year.
"We selected the name Chemtura to represent the chemical company of the future," said Crompton Chairman and Chief Executive Officer Robert Wood, who will serve in the same capacity for the merged company.
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