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Chemical Week Magazine :: CW75 Stock Performance

CW75 Stock Performance

4:13 PM MDT | October 11, 2012

The CW 75 index declined 1.1% for the week ended 9 October, a wider loss than the MSCI World Index and the S&P 500, which fell 0.5% and 0.3%, respectively. Basic chemical shares fell 1.8%, diversified shares declined 1.1%, and specialty stocks were down 0.4%. TPC Group posted the biggest gain for the week, up 12.3%, followed by Shanghai Petrochemical and Cambrex, with gains of 8.3% and 6.8%, respectively. TPC shares rose on news of a rival takeout bid by Innospec and Blackstone Group, which values the company at $44–46/share. TPC agreed to a $40/share...

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