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Stock Market & Financial Investment News

News Breaks
August 25, 2014
06:07 EDTWLKWestlake Chemical raises dividend to 16.5c per share from 12.6c per share
The board of Westlake Chemical declared on Friday, August 22, a dividend of 16.5c per share, an increase of 31% from the 12.6c per share paid in Q2. The increased dividend will be payable on September 19, to stockholders of record on September 5.
News For WLK From The Last 14 Days
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February 12, 2016
10:11 EDTWLKAxiall says Westlake fundamentals at peak, Axiall fundamentals at trough
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February 2, 2016
07:31 EDTWLKSell rating on Axiall maintained on fundamentals at UBS
UBS noted Axiall (AXLL) rejected the $20 all cash bid from Westlake Chemical (WLK) and believes the possibility exists for counteroffers, but said bids from other parties are less likely. The firm believes market conditions will remain challenged for Axiall but raised its price target to $16 from $11 to account for a 50% probability of a deal.
February 1, 2016
13:54 EDTWLKBrigade Capital sends letter to Axiall, urges sale of company
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06:44 EDTWLKAxiall upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Jeffrey Zekauskas upgraded Axiall (AXLL) to Overweight saying the company would fit well with Westlake Chemical (WLK). It is reasonable to think that Westlake will raise its bid for Axiall, Zekauskas tells investors in a research note after the company's $20 per share offer got rejected. The possibility of Westlake proposing a management slate in a proxy filing could provide incentives for negotiation, he contends. Zekauskas raised his price target for Axiall to $25 from $20. Citi this morning downgraded the stock to Neutral.
06:02 EDTWLKAxiall downgraded to Neutral from Buy at Citi
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