Indian chemical firm UPL seeks $3b loan to buy Ackman-backed Arysta

Indian chemical firm UPL seeks $3b loan to buy Ackman-backed Arysta

Bill Ackman. Photographer: Patrick T. Fallon/Bloomberg

Indian chemical producer UPL Ltd. is seeking a loan of about $3 billion to help fund its bid for a Platform Specialty Products Corp. agricultural pesticides unit backed by shareholder activist Bill Ackman, people with knowledge of the matter said.

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