Skip to content




Markets

Asia Pacific

  • Africa

  • Egypt
  • Africa
  • (Algeria, Tunisia, Libya, Morocco, Nigeria, Kenya, Tanzania, South Africa)

Filter Options
Text :
Search Criteria :
Territory/Country :
Product Group/Product :
News Type :
My Favorites:

US Westlake wins takeover of Axiall

by ChemOrbis Editorial Team - content@chemorbis.com
  • 13/06/2016 (14:20)
According to media reports, US Westlake Chemical Corp reached a deal for the acquisition of Axiall Corp. for $2.33 billion while the deal has an enterprise value of about $3.8 billion, including debt and other liabilities.

Previously, South Korea’s Lotte Chemical also gave a bid of more than $3.1 billion, including debt and other liabilities, for the acquisition of Axiall, although the company announced on June 10 that they withdrew their bid.

The deal is expected to be closed in the fourth quarter of this year. Through this acquisition, Westlake expects to save around $100 million in costs.
Free Trial
Member Login