SJL Partners, KCC and Wonik QnC completed the acquisition MPM Holdings for $3.1bn.

SJL Partners, KCC and Wonik QnC completed the acquisition of MPM Holdings for $3.1bn. Under the terms of merger agreement, Momentive stockholders will receive $32.50 for each share of common stock they own subject to minimum closing cash requirements. Momentive develops and manufactures specialty silicones and silanes, as well as fused quartz and specialty ceramics products. “The acquisition and the potential for greater combination with KCC’s silicones division will further enhance Momentive’s global leadership position by expanding our portfolio of products, broadening our geographic reach and strengthening our financial position,” Jack Boss, Momentive Chief Executive Officer and President.