Quaker Chemical Shareholders Approve Combination With Houghton

(RTTNews) - Quaker Chemical Corp. (KWR) said that its Shareholders approved the proposal necessary to complete the transaction to combine with Houghton International, Inc. The completion of the transaction, which is expected by the end of 2017 or early 2018, is subject to other customary closing conditions, including regulatory approvals.

In addition, the shareholders also approved the elimination of a charter provision providing for a 10-1 voting right for shareholders holding shares for 36 consecutive months. Going forward, all shareholders will have 1-1 voting rights regardless of ownership duration.