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Chemical Finance Digest, Aug. 8-12
2:53 PM MDT | August 15, 2011 | Vincent Valk
Topping the headlines last week, the remaining earnings news was mostly positive. Momentive Specialty Chemicals posted a profit, though Performance Materials posted a loss. Nova's profits increased five-fold, while Brenntag's rose 75%. While the stock market has been up-and-down over the past couple of weeks, the chemicals M&A market remains strong, experts say. In other M&A news, Lonza has extended the expiration date of its offer to acquire Arch Chemicals to September 12. No new debt was issued, though Moody's raised PolyOne's credit...
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