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Thursday, October 8, 1998

BetzDearborn stockholders OK sale to Hercules

Philadelphia Business Journal

Stockholders of BetzDearborn Inc. have approved the sale of the Trevose-based chemical company to Hercules Inc., a chemical company based in Wilmington. BetzDearborn said there are still conditions to be waived or met before the deal is finalized, but it and Hercules expect the sale to close Oct. 15. Hercules agreed to pay $2.1 billion in cash for BetzDearborn and assume $700 million of its debt.


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