in this issue
World News and Views :: Top of the News
Mexichem Acquires Wavin to Create Global Leader in PVC Pipe Systems
9:28 AM MST | February 8, 2012 | Sotirios Frantzanas
Mexichem (Tlalnepantla, Mexico) says it has agreed to acquire 100% of Wavin (Zwolle, the Netherlands) for approximately €531 million ($704 million). Mexichem intends to make a cash offer of €10.50 per Wavin ordinary share. The offer represents a premium of 177% over the closing price of Wavin's shares on November 18, 2011. The offer is expected to commence in the first quarter of 2012. Mexichem's proposed acquisition of Wavin would create the global leader in the polyvinyl chloride (PVC) pipe systems market, with total annual sales of about...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee