Hercules adopts new corporate structure

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At the end of March Hercules Incorporated completed the sale of an 51% interest in FiberVisions, L.L.C. to Snow, Phipps & Guggenheim, L.P., an affiliate of SPG Partners, L.L.C. (“SPG”), a New York-based private equity firm. Hercules received an initial payment of $109m, which Hercules said would be used to ...

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