cw75 stock performance

The CW75 Index rose 3% for the week ending July 18, helped by a 22% jump in Lyondell Chemical’s stock, which was the result of Basell’s offer to buy the company for $48/share. Positive forecasts for second-quarter chemical industry earnings also forced the index up. Basic chemical shares increased by 5.3%; diversified chemical stocks, 2.9%; and specialty chemical shares, 1.8%. Basell’s offer is a 20% premium to Lyondell’s July 16 closing price. The stock traded at $47.10/share at CW press time. Investors responded positively to Rohm and...

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