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Chemical Finance Digest, July 18-22
10:55 AM MDT | July 26, 2011 | Vincent Valk
Topping the week's headlines, Ecolab has agreed to acquire Nalco for $8.1 billion. Nalco shareholders will receive 70% of their consideration in Ecolab shares and 30% in cash, according to the deal's terms. Second-quarter earnings came in strong, mostly. PPG, Air Products and Celanese each recorded double-digit gains, and PPG and Celanese beat analysts' estimates. Sabic's net income rose a staggering 61% on increased volumes and prices. However, AkzoNobel's Ebitda fell 10% as high raw material costs took their toll. In other M&A news, Lonza's...
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