WL Ross Buys U.S. Chemicals Distributor Nexeo for $1.65 BillionBy and
Deal includes 35m shares, plus $1.3 billion in cash, debt
Seller TPG plans to retain 35 percent holding in Nexeo
WL Ross Holding Corp., the investment vehicle run by billionaire Wilbur Ross, agreed to buy Nexeo Solutions Holdings for about $1.65 billion to use as a base for acquiring other assets in the fragmented chemical-distribution industry.
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