Gold Silver Reports (GSR) – Shares of the Mumbai-based agricultural chemical maker rose as much as 7.93 percent, the most in over two years, to Rs 593.20 after it agreed to acquire agri-pesticides maker Arysta LifeScience Inc…. for $4.2 billion in cash to become one of the world’s largest crop protection companies.
Its wholly owned subsidiary UPL Corporation Ltd. signed a definitive agreement with Platform Specialty Products Corporation to acquire Arysta LifeScience and its subsidiaries…, the Indian agrochemicals company said in a press statement.
The deal, subject to regulatory approvals, is expected to be completed by early next year.