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Mexichem Suspends Stock Offering

12:31 PM MDT | October 3, 2008 | Chemical Week Editorial Staff

Mexican polyvinyl chloride producer Mexichem (Mexico City) has cancelled the stock offering it began in July, according the company’s filing with Mexican officials. The company cites the financial turmoil in the U.S. Mexichem announced plans last July to offer up to 200 million shares to raise cash. The company says it will resume the offering at a later date if conditions...

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