The chairman and chief executive officer of MacDermid Inc., Daniel Leever, and a private equity group have bid for the company and although the Street anticipates a higher price, an industry banker says the proposal is in line with sector takeout multiples. But a recent specialty chemicals takeout suggests an appropriate multiple could be somewhat higher. The $1 billion market cap specialty chemicals company announced Sept. 18 that a special committee selected Merrill Lynch as its financial advisor to review the bid.
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