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Displaying 1 - 20 of 542 stories.
July 31, 2015
Solvay has reached a definitive agreement to acquire Cytec Industries (Woodland Park, NJ) for $6.4 billion, including debt, in a bid to acquire a leading position in high-growth aerospace and automotive materials, the company says....
July 17, 2015
Platform Specialty Products (West Palm Beach, FL) has reached a deal to acquire Alent (Woking, UK) in a cash and stock transaction for about £1.4 billion ($2.18 billion). Including net debt, the total transaction value is about $2.3 billion....
July 17, 2015
Axiall president and CEO Paul Carrico has retired “at the direction of company’s board,” the company announced on 6 July. Timothy Mann, executive v.p/strategy and...
July 8, 2015
The European Parliament on Wednesday endorsed reforming the EU Emissions Trading System (ETS), following informal agreement with the European Council. The reform involves reducing the...
July 8, 2015
Cefic says in its latest Chemicals Trend Report (June 2015) that European chemical output grew by 0.3% during the first four months of 2015, compared with the year-ago period. The...
July 6, 2015
K+S (Kassel, Germany) announced on 2 July that it had rejected an “unsolicited proposal” from PotashCorp (Saskatoon, SK) to acquire all of K+S’s outstanding shares. PotashCorp’s bid is at €41/share ($45.49), valuing K+S at €7.85 billion....
July 6, 2015
Air Products has confirmed that its industrial gases facility at L’Isle-d’Abeau, France, near Lyon, was the scene of an incident on 26 June that has been described as a...
June 26, 2015
Monsanto beat analysts’ estimates for its fiscal quarter ended 31 May on stronger corn and soybean sales and the proceeds from a recent glyphosate license extension from Scotts...
June 26, 2015
Monsanto, announcing its third-quarter results on 24 June ( below), reconfirmed that it is eager to merge with Syngenta. However, Monsanto signaled earlier that it has other options....
June 15, 2015
Syngenta has rebuffed a second, virtually unchanged takeover approach by Monsanto....
June 15, 2015
Distributor Univar last week announced it is launching an initial public offering (IPO), along with a concurrent private placement to Temasek Holdings (Singapore), the sovereign wealth...
June 8, 2015
Leaders of seven of the world’s largest economies, meeting in Elmau, Germany, yesterday, expressed support for reducing greenhouse gas emissions by 40-70% by 2050. The leaders emphasized that “deep cuts in global greenhouse gas (GHG) emissions are required with decarbonization of the global economy over the course of this century.” Germany’s chemical industry association (VCI) noted the lack of identified concrete steps to reduce emissions of carbon dioxide...
June 1, 2015
Valspar has reached a deal to acquire the performance coatings businesses of Quest Specialty Chemicals (Charleston, SC) in a deal that roughly doubles the size of its $150-million/year automotive refinish business....
May 29, 2015
Asahi Kasei and Mitsubishi Chemical have announced that they have signed an agreement to establish a 50-50 joint venture for their previously announced plan to combine their naphtha...
May 26, 2015
DuPont on 13 May won its proxy battle with activist hedge fund Trian Fund Management (New York), as all four of the company’s director nominees were re-elected to its board, company officials say.DuPont is “encouraged by shareholder feedback and support for our transformation,” chair and CEO Ellen Kullman told the meeting....
May 22, 2015
PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest petrochemical player and one of Asia’s fastest-growing, tells CW that it will invest about $1 billion to build a...
May 13, 2015
Germany’s chemical-pharmaceutical industry returned to moderate growth during the first three months of 2015, according to the latest quarterly report by chemical trade...
May 8, 2015
Boulevard Acquisition (New York), a public blank-check investment vehicle formed by Avenue Capital, has reached a deal to buy Dow Chemical’s AgroFresh business, a maker of...
May 8, 2015
Proxy advisory firms Institute for Shareholder Services (ISS; Rockville, MD), Glass Lewis (San Francisco), and Egan-Jones (Haverford, PA) have backed Nelson Peltz, founder and CEO of activist hedge fund Trian Fund Management (New York), in his bid for a board seat at DuPont. ISS has also backed former GE CEO/asset management John Myers, another Trian nominee, for a seat on DuPont’s board of directors, while Egan-Jones has backed all four Trian nominees....
May 6, 2015
The European Council, under the current Latvian presidency, and members of the European Parliament (MEPs) have agreed on a draft law to reform the European Union’s Emissions...
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