Summer Pickup Game

So much for the dog days of summer. This is turning out to be an extraordinary season for the industry. Three deals have eclipsed the $10-billion mark so far, and there have been a scattering of billion-dollar transactions. “No rest for the weary,” says Frank Mitsch, chemical analyst with BB&T Capital Markets (New York). “The news flow in chemicals is breathtaking.” Sabic, Apollo Management (New York), and Access Industries (New York)—industry’s emerging heavy hitters—have recently agreed to acquire GE Plastics...

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