March 21 (Reuters) - WL Ross Holdings Corp WLRH.O said it
would buy chemicals and plastics distributor Nexeo Solutions
Holdings LLC from private equity firm TPG in a cash-and-stock
deal valued at $1.67 billion.
The deal comprises up to 35 million shares of
WL Ross common stock and $1.3 billion in cash and debt.
TPG will retain about 35 percent stake in Nexeo.