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News Breaks
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February 1, 2012
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| 11:13 EDT |  | GGC, WLK |
| theflyonthewall.com: | Georgia Gulf says "willing to engage in discussions" with Westlake Chemical | | Georgia Gulf (GGC) confirmed that on January 27, Westlake Chemical (WLK) submitted a proposal to the company to acquire all of the outstanding shares of Georgia Gulf for $35.00 per share, an increase from Westlake’s previously announced proposal to acquire all of the outstanding shares of Georgia Gulf for $30.00 per share. On January 31, Westlake received a letter from Paul Carrico, CEO of Georgia Gulf, in response to the revised proposal. The letter stated in part, "We remain willing to engage in discussions and share sensitive business information with you to demonstrate our view of the underlying intrinsic value of Georgia Gulf. What we require is that you enter into a standard confidentiality agreement and express a willingness to consider increasing your offer to reflect Georgia Gulfs true intrinsic value." The company added, "As we have repeatedly made clear over the last several months, we are not seeking standstill provisions that would prevent you from either timely making a tender offer to Georgia Gulf stockholders or timely making nominations to the Georgia Gulf Board and soliciting proxies for this year’s annual meeting." :theflyonthewall.com |
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News For GGC;WLK From The Last 14 Days Check below for free stories on GGC;WLK the last two weeks.
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May 24, 2012
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| 10:38 EDT | | GGC |
| | 10:29 EDT |  | WLK |
| | 06:31 EDT | | WLK |
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May 21, 2012
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| 17:02 EDT | | GGC |
| | 12:23 EDT | | GGC |
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May 20, 2012
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| 09:52 EDT |  | WLK |
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May 18, 2012
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| 14:52 EDT | | GGC |
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May 17, 2012
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| 08:41 EDT |  | WLK |
| theflyonthewall.com: | Commodity chemical companies likely to under perform, says Susquehanna | | Susquehanna lowered its estimates and price targets on several commodity chemical makers as they believe the companies are likely to continue to under perform due to larger than expected price declines and margins. The firm lowered its price target on Positive rated Dow Chemical (DOW) to $37 from $40, Positive rated LyondellBasell (LYB) to $49 from $57, and Neutral rated Westlake Chemical (WLK)to $54 from $58. :theflyonthewall.com |
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May 16, 2012
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| 13:23 EDT | | WLK |
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