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April 18, 2016Ashland said on 13 April that it will pursue an initial public offering of up to 20% of the common stock in Valvoline as a first step in separating the business from Ashland. The overall separation, which was announced in September 2015, is expected to be complete about six months after the IPO, when Ashland distributes Valvoline’s remaining common stock to Ashland shareholders in a tax-free spin-off....
April 15, 2016Calgon Carbon has agreed to acquire Arkema’s wood-based activated carbon and filtration media business for €145.5 million ($160.1 million)....
April 8, 2016ACC says the number of announced chemical capital projects in the United States tied to the shale gas revolution has reached 264. ACC estimates the total potential investment at $164 billion, of which 40% is completed or under way and 55% is in planning....
April 8, 2016Axiall’s board of directors, on 4 April, turned down a second, $3.1-billion acquisition bid from Westlake Chemical. Westlake responded the same day by formally ending negotiations and asking Axiall shareholders to elect a new board selected by Westlake....
March 28, 2016MEGlobal (Dubai) has chosen Dow Chemical’s Oyster Creek site at Freeport, TX, for the location of a world-scale ethylene glycol (EG) facility, which the company expects to bring...
March 28, 2016Sherwin-Williams (SW) on 20 March announced plans to acquire Valspar for approximately $11.3 billion, including debt. At $113/share, the transaction represents a premium of about 35%...
March 11, 2016Low energy and chemical prices are taking their toll on petrochemical investment projects in the United States....
March 11, 2016Reports of a potential BASF bid for DuPont emerged in early March, but market reaction has been skeptical as to whether the reports would become a reality. Citing people familiar with...
March 4, 2016BASF says it is well positioned to carry on in agricultural chemicals alone, according to chairman Kurt Bock. Bock was responding to numerous questions noting the consolidation of the global agchems market at the company’s results press briefing on 26 February in Ludwigshafen. Separately, BASF said earlier this month that it will scale back its plant biotechnology efforts....
March 4, 2016BASF says it is looking again at its planned methanol-to-propylene (MTP) investment at Freeport, TX, citing concerns that low oil prices could hurt the project’s competitiveness...