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Chemical Industry Weekly News Round-Up, September 24
2:09 PM MDT | September 24, 2010 | By VINCENT VALK
This Week on CW…Snag City:
Omnova has agreed to buy Eliokem from AXA Private Equity. The deal is expected to close by the end of this year.
BHP Billton's bid for PotashCorp hit a couple of snags. Canadian antitrust authorities have requested more information on the bid, causing a delay, while PotashCorp has sued to block the bid entirely.
Continuing on the "M&A snags" theme, DSM's attempt to sell its special products unit has reportedly run into trouble with E.U. regulators.
From M&A snags to bankruptcy snags - Chemtura's equity holders have voted to reject the company's reorganization plan.
Finally, chemical companies disclose CO2 emissions and have oversight of carbon policies, but a declining percentage set emissions targets, according to new data.
Around the Web:
The Wall Street Journal has a fascinating excerpt from former U.S. 'car czar' Steven Rattner's new book.
Venture capitalists told Congress this week that the U.S. is falling behind Asia in the race for renewable energy technology, Reuters reports.
The Economist takes a look at what comes next for rapidly expanding Brazilian oil giant Petrobras.