Olin Corporation Completes Acquisition of K. A. Steel Chemicals Inc.
Olin Corporation announced that it had completed the previously announced acquisition of privately held K. A. Steel Chemicals Inc. (KA Steel), on a cash free, debt free basis, for $328 million in cash, subject to certain post-closing adjustments. Olin will utilize the proceeds from the recently completed $200 million senior notes offering and cash on hand to finance the acquisition.
During the third quarter of 2012, Olin expects to expense approximately $8 million of transaction costs related to the acquisition.
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