Norton Company of the US, a subsidiary of Compagnie de Saint-Gobain (Paris, France), has announced the completion of the merger of Furon Company with FCY Acquisition Corporation, a wholly owned subsid…
Norton Company of the US, a subsidiary of Compagnie de Saint-Gobain (Paris, France), has announced the completion of the merger of Furon Company with FCY Acquisition Corporation, a wholly owned subsidiary of Norton Company. Furon, a worldwide manufacturer, designer and developer of highly engineered products made primarily from specially formulated high-performance polymer materials, is now wholly owned by Norton Company. The merger follows the successful completion of a tender offer for the outstanding shares of Furon in which Norton acquired approximately 96% of the Furon common stock. In connection with the merger, the company said that any outstanding shares of Furon not owned by Norton were converted into the right to receive US$ 25.50 per share in cash, without interest.