People & Business :: M&A
Chemical Finance Digest, Feb. 20-24
2:57 PM MST | February 28, 2012 | Vincent Valk
Topping the headlines last week, BASF reported a small increase in fourth-quarter net income, as the company was hit by economic weakness in Europe. Net income totaled €1.13 billion, on sales up 10%, to €18.1 billion. In other earnings news, Borealis saw its fourth-quarter net income fall amid a 4% decline in sales. In M&A news, Berkshire Hathaway announced plans to buy Cookson’s precious metals business in the U.S. Terms of the deal were not disclosed. Westlake also announced it may drop its $1.3 billion bid for Georgia Gulf if the latter...
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