in this issue
Chemical Week Magazine :: Business & Finance :: United States/Americas
Braskem raises offer for Indupa by 78%
7:49 AM MST | February 28, 2014 | —Francinia Protti-Alvarez
Braskem has revised the price of its stock tender offer to minority shareholders of polyvinyl chloride (PVC) manufacturer Solvay Indupa (Buenos Aires) to 2.40 Argentine pesos/share, an increase of about 78% from the previous peso1.35/share offer, Braskem has announced. “[Braskem] believes the new offer is balanced and fair in view of the understanding presented by the CNV [Argentine stock market regulator] with regard to Law 26,831 of the Capital Markets in Argentina,” the company says. CNV had rejected Braskem’s previous offer to acquire the...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee