Cytec Industries (CYT +4.4%) trades higher after saying that it will acquire composite materials...

|About: Cytec Industries Inc. (CYT)|By:, SA News Editor

Cytec Industries (CYT +4.4%) trades higher after saying that it will acquire composite materials company Umeco for $434M. The firm estimates the deal to add EPS accretion of approximately $0.20/share in 2012 and $0.65/share in 2013.