Nova terminates letter of intent to sell styrenics to PFB

Nova Chemicals says that it and PFB Corp., (PFB; Calgary, AB) have agreed to terminate their letter of intent for PFB to acquire Nova Chemicals’ performance styrenics business. The companies announced the deal in May. It had become apparent to both Nova Chemicals and PFB that PFB would be unable to complete steps necessary to consummate its planned expansion of PFB’s vertically integrated, construction materials focused products offering in the United States. As a result, both parties decided to terminate the letter of intent, Nova says. “We are...

Access is for Chemweek 24/7 PLUS Members ONLY

This information is only available to Chemweek 24/7 PLUS members who have subscribed to Chemweek’s Business Daily. If you are a member, please log in, OR if you have a trial membership, please use your trial membership account information. 

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

If you are not yet a subscriber and would like to access the turnkey information found only in Chemweek’s Business Daily, subscribe now and you’ll get the most important news of the chemical industry delivered directly to your inbox—every day.

Sign up for a FREE 15-day trial of IHS Chemical Week Business Daily