Acquisition and Restructuring News Drive ACMG Up
Acquisition news fuels Alcar Chemicals Group Inc. (Pink Sheets: ACMG) run up the charts. Shares of Alcar Chemicals closed up $0.022 per share to $0.087 per share on volume of almost 20 million shares. Last week Alcar Chemicals announced that Siam Renewable Energy Group Ltd. approved and signed a definitive agreement to acquire the controlling interests of the company. Siam will acquire 55 percent of the company for a total investment of $282 million, a value of over $2 dollars per share. Some highlights of the deal include the following: * Siam will invest a total amount of $282 million…