Potash Corp shareholders will own 52 percent of the new company, with Agrium shareholders owning the rest if the deal closes in mid-2017 as the companies hope, they said on Monday. Agrium Chief Executive Officer Chuck Magro will be CEO of the merged company, whose market capitalization is projected at $26 billion. Potash Corp is already the world's biggest crop...
*Deal could top ChemChina's $43 bln Syngenta takeover. NEW YORK/ FRANKFURT, May 19- German drugs and chemicals group Bayer has made an unsolicited takeover proposal to U.S. seeds company Monsanto, aiming to create the world's biggest agricultural supplier and take advantage of converging pesticides and seeds markets. The $42 billion market capitalisation of...
German drug and chemicals giant Bayer has made an unsolicited takeover offer for Monsanto, the world's biggest seed company.
*Deal could top ChemChina's $43 bln Syngenta takeover. NEW YORK, May 18- German drug and chemicals giant Bayer AG has made an unsolicited takeover offer for Monsanto Co, the world's biggest seed company, as high inventories and low commodity prices spur consolidation in the global agrichemicals industry. With Monsanto worth $42 billion by market...
NEW YORK, April 27- Expectations for chemical company earnings have been boosted by a combination of lower crude oil costs during the commodity's slump along with strong demand for plastics that are used to make everything from shampoo bottles to grocery bags. Last week, LyondellBasell Industries beat consensus estimates, and estimates for Westlake...
The oil market is reaching some stability after earlier volatility, the vice chairman of Saudi petrochemicals giant SABIC said.
Karim Hajjar, CFO of Solvay, says oil and gas prices have impacted profits after reporting a slower rate of growth.
CNBC's Julia Chatterley reports from Basel on Syngenta and the takeover deal by ChemChina, a Chinese state-owned company.
ChemChina is nearing a deal to take over Syngenta for around $42 billion, two people familiar with the matter told Reuters.
Dow Chemical and DuPont are expected to announce a merger of equals by Thursday, sources told CNBC.
Dow reported a better-than-expected quarterly profit, helped by higher margins in five of its six units.
Stable, low oil prices are good because the drop in crude is supply-driven and will act as stimulus, Dow Chemical CEO Andrew Liveris tells CNBC.
DuPont reported a 52 percent jump in profit as operating margins rose in five of its seven businesses.
Investors seeking steady gains on innovation should look past tech buzz. When R&D productivity is measured, 'boring' stocks often lead.