The French financial market authority approves Solvay's friendly public offer on Rhodia

Date: 18 May 2011
Source: www.rhodia.com

Date: 18 May 2011

Solvay and Rhodia announced that the French financial markets authority has declared Solvay’s friendly public offer for Rhodia to be in conformity and, as a result, has granted visa n° 11-148 on Solvay’s offer document (note d’information) and visa n° 11-149 on Rhodia’s response offer document (note en réponse).

Once the authorizations of the Autorité de Contrôle Prudentiel and the French Minister of the Economy will be granted, the French financial markets authority will publish the timetable of the offer and, in particular, the opening and closing dates of the offer acceptance period during which holders of Rhodia securities could tender them into the offer.

The offer is also subject to the following conditions: obtaining of the approval of E.U. and U.S. anti-trust authorities and reaching of a minimum acceptance level of 50% of the share capital and the voting rights of Rhodia plus one share on a fully-diluted basis.

Solvay’s offer document (in French and English-language versions) and Rhodia’s response offer document (in French and English-language versions) are available on the Internet sites of Solvay (www.solvay.com) and Rhodia (www.rhodia.com), respectively.

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