Westlake Chemical to buy rival Axiall
Texas-based petrochemicals manufacturer Westlake Chemical will purchase rival Axiall, headquartered in Georgia, for $3.8 billion (£2.7 billion). The all-cash transaction has been unanimously approved by both companies’ boards, and is expected to be completed by the end of 2016.
The combined company would be the third-largest chlor-alkali producer and the second-largest PVC producer in North America, according to Axiall, and the merger is expected to produce annual cost synergies of around $100 million.
Axiall rejected an earlier $3.1 billion bid from Westlake in April, citing significant problems in a presentation to shareholders. Subsequently, Lotte Chemical of South Korea – which has an ongoing joint venture with Axiall to build an ethane cracker in the US, slated to begin production in 2018 – had made a counter-offer, but Axiall ultimately accepted Westlake’s improved bid.
JPMorgan chemical industry analyst Jeffrey Zekauskas said in a briefing note that Westlake appeared to be ‘a serious bidder for Axiall’ based on acquisition efforts going back to 2012, when the firm was known as Georgia Gulf.
View full article @ http://www.rsc.org/chemistryworld/2016/06/westlake-chemical-buys-rival-axiall-petrochemicals
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes:
Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.