IHS Chemical Week
FINANCIAL

WadeCo acquires Texas-based oil production chemicals maker

10:44 AM MST | December 16, 2014 | Vincent Valk

Oilfield chemicals supplier WadeCo Specialties (Midland, TX) says it has acquired Select Chemicals Ltd. (Yorktown, TX), a maker of production chemicals for oil and gas operations in western Texas’s Eagle Ford Shale. Financial terms of the deal...


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Arkema completes capital increase to help finance Bostik acquisition

Arkema has completed a share capital increase–with preferential subscription rights–that was launched on 19 November as part of the financing of the proposed acquisition of Bostik from Total, Arkema has announced today. Gross proceeds of the share...

Quinn to launch capital management firm

Former Solutia chairman and CEO Jeffry Quinn, currently founder and managing member of Quinpario Partners (New York), will be launching a capital management firm – called Quinpario Capital Management – in January. The firm will take an...

Russian bank extends five-year credit facility to Sibur

Sberbank (Moscow) said today it has agreed to lend Sibur (Moscow) 42 billion Russian rubles ($775 million). Sberbank says the credit line will be open for general corporate purposes. The nonrevolving credit facility has a duration of five years. Pavel Malyi...

Activist hedge fund nominates three Omnova directors

Activist hedge fund Barrington Capital (New York) today continued its campaign against Omnova management by nominating three directors to the company’s board, to stand at Omnova’s 2015 annual meeting. The nominees include retiring A. Schulman...

Report: Arizona Chemical sale could value company above $1.5 billion

Arizona Chemical (Jacksonville, FL) is mulling a sale that could place the company's enterprise value at more than $1.50 billion, according to a Reuters report. The company's owner, private equity firm American Securities (New York), held talks with various...

Activist hedge fund urges Omnova to sell engineered surfaces

Activist hedge fund Barrington Capital (New York) today released a letter calling on Omnova Solutions to sell its $245-million engineered surfaces business and criticizing the company’s management and executive compensation practices. The letter also...

Chemtura to acquire $302 million in Dutch auction shares

Chemtura announced the preliminary results of the company's modified Dutch auction tender offer, which expired at the end of the day on 1 December. The offer—a total of about 12.5 million shares of Chemtura’s stock—was validly tendered and...

Investment firm Capital Southwest to spin off specialty chemical assets

Capital Southwest (Dallas), an investment holding company, today announced plans to split into two publicly-traded entities – one in specialty chemicals and industrial products, and one in finance....

SK Capital raises $1-billion fund (update)

Private equity firm SK Capital (New York) – a boutique investor with a major focus on chemicals – this morning completed a new, $1-billion funding round, the firm’s fourth. The fundraising process took five months, and funding commitments...

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