Chemical Finance Digest, May 23-27

Topping the headlines last week, experts are optimistic about the state of the M&A and financial markets, especially with regard to chemical companies.

 

In M&A news, Momentive is reportedly seeking a buyer for its forest product resins acrylic monomers businesses. Meanwhile, Sigma-Aldrich has acquired a specialty chemicals distribution firm in Latin America.

 

Another biochemical IPO hit the market last week, with Ceres expecting to raise $100 million. RPM is selling $150 million in debt, partly to fund the purchase of a bigger stake in an Indian firm. Moody's raised LyondellBasell's credit rating one notch, to 'Ba2,' while Standard & Poor's raised Albemarle's rating to 'BBB+.'

 

In other headlines, Nova's profits rose, while Solazyme listed on the NASDAQ.

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