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February 26, 2014
04:55 EDTAXLL, AXLL, AXLL, VAL, VAL, VAL, PPG, PPG, PPG, MEOH, MEOH, MEOH, LYB, LYB, LYB, HUN, HUN, HUN, EMN, EMN, EMN, DOW, DOW, DOW, CHMT, CHMT, CHMT, CE, CE, CE, WLK, WLK, WLKAlembic Global Advisors to hold a conference
4th Annual Global Chemicals Conference is being held in Deer Valley, Utah on February 26-28.
News For AXLL;CE;CHMT;DOW;EMN;HUN;LYB;MEOH;PPG;VAL;WLK From The Last 14 Days
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March 27, 2015
07:41 EDTDOWDow Chemical jumps 4% to $48.86 after spin off of chlorine value chain
07:12 EDTDOWDow Chemical, Olin Corp. see deal closing by year-end 2015
Following the completion of the transaction, Olin (OLN) will be an industry leader in chlor-alkali and derivatives – benefiting from the combination of complementary businesses, significant scale, integration, cost-advantaged feedstocks, and a broad and diverse end-uses portfolio. Expected cost synergies of the transaction include network optimization which will facilitate output expansion, significant logistics savings and benefits, and the potential for expansion of existing products produced by Olin and Dow (DOW) into additional geographies and to additional customers. Annual revenues of the combined business are anticipated to be approximately $7B and EBITDA is expected to be $1B on a 2014 pro forma basis, excluding synergies. The transaction is subject to a vote by Olin shareholders and is expected to close by year-end 2015.
07:10 EDTDOWDow CEO says to exceed target to divest $7B-$8.5B of non-strategic assets
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07:05 EDTDOWDow Chemical says transaction 'highly accretive' to shareholders
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07:03 EDTDOWDow, Olin Corp. also enter into 20-year long-term capcity rights areement
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07:03 EDTDOWDow to merge chlor-alkali, downstream derivatives units with Olin
The Dow Chemical Company (DOW) and Olin Corporation (OLN) announced that the boards of directors of both companies unanimously approved a definitive agreement under which Dow will separate a significant portion of its chlorine value chain and merge that new entity with Olin in a transaction that will create an industry leader with revenues approaching $7B. The transaction has a tax efficient consideration of $5B, and a taxable equivalent value of $8B to Dow and Dow shareholders. It is highly complementary to the strategic objectives of both companies, with significant potential to enhance value for both Dow and Olin shareholders, and create substantial benefits for customers. The terms of the agreement call for Dow to separate its U.S. Gulf Coast Chlor-Alkali and Vinyl, Global Chlorinated Organics and Global Epoxy businesses, and then merge these businesses with Olin in a Reverse Morris Trust transaction. The merger will result in Dow shareholders receiving approximately 50.5% of the shares of Olin, with existing Olin shareholders owning approximately 49.5%. The transaction is valued at $5B, and includes $2B of cash and cash equivalents to be paid to Dow; an estimated $2.2Bin Olin common stock using the Olin stock value as of close on March 25, 2015; and approximately $800M of assumption of pension and other liabilities. In addition, by virtue of the joint share ownership, both sets of shareholders will benefit from a minimum of $200M in projected annual synergies and cost savings. The transaction is subject to a vote by Olin shareholders and is expected to close by year-end 2015.
07:02 EDTDOWDow Chemical, Olin Corp. deal valued at $5B
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07:01 EDTDOWDow to merge chlor-alkali, downstream derivatives units with Olin
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07:00 EDTDOWDow to separate 'significant' portion of chlor-alkali, downstream derivatives
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March 26, 2015
07:25 EDTHUNNomura to hold a conference
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07:11 EDTCHMT, VALGabelli to hold a conference
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March 25, 2015
18:03 EDTCECelanese announces acetyls price increase
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11:30 EDTMEOHMethanex management to meet with Jefferies
Meetings to be held in Florida on March 30-31 hosted by Jefferies.
10:32 EDTEMNEastman Chemical to close Workington, U.K. acetate tow manufacturing site
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06:37 EDTCHMTChemtura management to meet with Piper Jaffray
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06:32 EDTCECelanese management to meet with Jefferies
Meeting to be held in Miami/Orlando on March 30 hosted by Jefferies.
March 24, 2015
07:19 EDTHUNHuntsman management to meet with UBS
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07:03 EDTLYBLyondellBasell to expand production capacity of tri-ethylene glycol
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March 19, 2015
09:04 EDTPPGPPG Industries completes $40M expansion at Brazil facility
PPG Industries held a ceremony to mark the completion of a $40M, 65,000-square-foot plant for on-site resin production at its Sumaré, São Paulo, Brazil, coatings manufacturing facility. Resin produced at the facility will be used to manufacture PPG’s electrocoat products to meet demand from automotive original equipment manufacturers and industrial coatings customers in the region.
March 18, 2015
07:56 EDTDOWDow Chemical management to meet with Deutsche Bank
Field trip to company headquarters in to be held in Midland, MI on March 18 hosted by Deutsche Bank.
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