Deals Coming Back - June 28,2010 CW Insider

Recovery has the chemical sector quickly shedding inhibitions about M&A. BASF has sealed a deal to acquire Cognis for €3.1 billion ($3.8 billion). And Akzo Nobel reached an agreement to sell its National Starch (Bridgewater, NJ) unit to Corn Products International (Westchester, IL) for $1.3 billion in cash. Constraints on private equity have eased as well, as demonstrated by Bain Capital’s acquisition of Styron from Dow Chemical, which closed earlier this month. M&A activity has resumed but companies are being deliberate. BASF’s strategy...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers