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  • June 17- Chemical producer Albemarle Corp said it would sell its surface-treatment unit to Germany's BASF SE, the world's largest chemical producer, for $3.2 billion in cash.

  • NEW YORK, June 16- Julie Smolyansky has spent more than a decade as chief executive officer of her family's successful business, but her path to the corner office was unplanned. Her mother and brother are also involved in the company, which had revenue of $118 million in 2015, as well as in a family charitable foundation. The family has come a long way from its arrival...

  • LAKE CHARLES, Louisiana, June 14- Lotte Group, rocked by an investigation by South Korean prosecutors, said on Tuesday it would definitely refile plans for an initial public offering by its Hotel Lotte division, with an aim to list around the end of this year. Hotel Lotte on Monday postponed a planned listing worth up to $4.5 billion after prosecutors on Friday...

  • June 10- Westlake Chemical Corp has reached a deal to buy chemical producer Axiall Corp for $2.33 billion after a six-month pursuit that included multiple bids and a rival offer from South Korea's Lotte Chemical Corp. Axiall had earlier rebuffed Westlake, saying that the Houston- based petrochemical maker was trying to acquire its vinyls assets cheap.

  • June 10- Westlake Chemical Corp reached a deal to buy chemical producer Axiall Corp for $2.33 billion, after a six-month pursuit that included multiple bids and a rival offer from South Korea's Lotte Chemical Corp. Lotte Chemical already has a joint venture with Atlanta- based Axiall, through which it plans to produce ethylene in the United States.

  • June 10- Axiall Corp has agreed to be acquired by Westlake Chemical Corp for $2.33 billion, days after South Korea's Lotte Chemical Corp offered to buy Axiall. Westlake said on Friday it would pay $33 per share in cash for Axiall. Westlake, rebuffed by Axiall multiple times, had offered to buy the chemical maker in March in a cash-and-stock deal valued at $23.35 per...

  • LUDWIGSHAFEN, Germany, June 8- BASF, which has so far kept out of a consolidation push among global seeds and pesticides groups, said its business model was not affected by rival Bayer's plans to buy Monsanto. "We are not backed into a corner by what is happening in the market," the group's deputy chief executive Martin Brudermueller said at a news conference on BASF's...

  • House of Representatives Committee on Science, Space and Technology is part of an ongoing investigation into the agency after the EPA posted and withdrew an internal report that said glyphosate was not cancer causing. One question that lawmakers are trying to answer, according to legislative sources, is whether EPA staff allowed personal bias to color the...

  • The plan could be used if Europe does not clear imports before harvesting starts in August. The company launched Xtend soybean seeds, engineered to resist the herbicides glyphosate and dicamba, before obtaining clearance for crop shipments to Europe because executives were expecting approval early this year. Richard Wilkins, president of the American...

  • SEOUL, June 7- Lotte Chemical Corp is bidding for U.S. chemicals maker Axiall Corp and Hanwha Chemical Corp flagged a likely U.S. deal, as cash-flush South Korean chemicals firms target acquisitions in a hunt for new revenue streams. Lotte Chemical, which plans to produce ethylene in the United States in a joint venture with Axiall, announced the initial offer on...

  • SEOUL, June 7- Lotte Chemical Corp has made an initial offer to buy U.S. chemicals maker Axiall Corp, coming in as a potential white knight for the $1.6 billion firm that is resisting a takeover attempt by Westlake Chemical Corp.. Axiall, which also makes building products, rejected in April Westlake's $3.1 billion buyout proposal, which included $1.5 billion in...

  • BRUSSELS, June 6- EU nations refused to back a limited extension of the herbicide glyphosate's use on Monday, threatening withdrawal of Monsanto's Roundup and other weed-killers from shelves if no decision is reached by the end of the month. The EU executive had offered a 12- to 18- month extension to allow time for further scientific study by the European...

  • BRUSSELS, June 6- EU nations refused to back a limited extension of the herbicide glyphosate's use on Monday, threatening withdrawal of Monsanto's Roundup and other weed-killers from shelves if no decision is reached by the end of the month. The EU executive had offered a 12- to 18- month extension to allow time for further scientific study by the European...

  • HOUSTON, June 6- BASF SE, the world's largest chemical producer, said on Monday it would refrain for now from building a propylene plant in Texas because of volatile commodity prices, a sign that an aggressive U.S. Gulf Coast petrochemical building boom announced earlier this decade could be cooling. "The economics just aren't as good as BASF would have hoped," said...

  • BRUSSELS, June 6- EU nations refused to back a limited extension of the herbicide glyphosate's use on Monday, threatening withdrawal of Monsanto's Roundup and other weed-killers from shelves if no decision is reached by the end of the month. It hopes a study by the European Chemicals Agency will allay health concerns, as citizen and environmental groups pile...

  • BRUSSELS, June 6- EU nations refused to back a limited extension of the pesticide glyphosate's use on Monday, threatening withdrawal of Monsanto's Roundup and other weed-killers from shelves if no decision is reached by the end of the month. It hopes a study by the European Chemicals Agency will allay health concerns, as citizen and environmental groups pile...

  • DETROIT/ BEIJING, June 3- Ningbo Joyson Electronic Corp, a major Chinese auto supplier, said it is looking at investing in Japan's Takata Corp which has been searching for financial backers to help it face mounting recall costs over potentially deadly air bags. Bloomberg reported on Friday that Bain Capital and PAG Asia Capital were also interested in investing...

  • The EPA's review adds to a debate about the safety of leading crop chemicals after a branch of the World Health Organization said last year that the herbicide glyphosate was "probably" able to cause cancer in humans. The EPA said atrazine's effects exceeded its "levels of concern" for chronic risk by 198 times for mammals and 62 times for fish.

  • BAKU, June 1- Azerbaijan state energy company SOCAR's Turkish subsidiary, SOCAR Turkey Enerji, plans an initial public offering in 2020, a SOCAR official said on Wednesday. "There is a big interest in SOCAR Turkey Enerji in the market," Zaur Gakhramanov, head of SOCAR Turkey Enerji, told journalists. SOCAR Turkey Enerji holds a controlling stake in Petkim...

  • DUBAI, May 30- Saudi Basic Industries Corp, one of the world's largest petrochemicals groups, said on Monday it had signed an agreement with Shenhua Ningxia Coal Industry Group to build a petrochemical complex in China. SABIC said in a statement the joint project would be a "greenfield petrochemical complex" located in the Ningxia Hui Region of China and would...