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Chemical Finance Digest, Sept. 26-30

3:19 PM MDT | October 4, 2011 | Vincent Valk

Topping the headlines last week, early third-quarter earnings came in mixed, as Mosaic’s rose by 77%, but missed estimates, while Omnova’s fell by 40%, but beat estimates.   In M&A news, BASF announced plans to sell its fertilizer business to EuroChem for $945 million. Meanwhile Lonza has extended the deadline for its $1.4 billion tender offer for Arch Chemicals to October 14, while Air Products bought a 25% stake in a major Saudi gases firm.   No new debt was issued, though Moody’s upgraded Westlake’s credit rating to...

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