Nova in Discussions for Styrenix Joint Venture

Nova Chemicals says it is “aggressively” pursuing two joint venture options for its Styrenix unit, after having rejected the first round of purchase offers. The jv could be with two partners, says Jeff Lipton, president and CEO. “A jv will bring significant synergy,” Lipton says. “It would be hard for a buy-out proposal to be more attractive than a jv.” Nova would consider a spin-out to its shareholders if a jv does not materialize, he says. The company did not set a target date for a deal; it had previously sought to close a...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers