*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... » Read More
The oil market is reaching some stability after earlier volatility, the vice chairman of Saudi petrochemicals giant SABIC said.
DARMSTADT, Germany, March 8- German drugs and chemicals maker Merck KGaA raised the prospect of an increase of more than 10 percent in adjusted core earnings this year, expecting additional profit from the takeover of lab supplies maker Sigma-Aldrich to offset higher expenses on drug development. The $17 billion Sigma-Aldrich deal, wrapped up in November, made...
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.
Axiall said on Friday that it had rejected Westlake's $1.4 billion takeover offer, saying it undervalued the company- an argument that Brigade Capital agreed with. Brigade Capital said in a letter to Axiall's board that it opposed the use of a "poison pill" with respect to Westlake's offer of $20 per share. Axiall shares were down 2.6 percent at $17.46 in afternoon...
Westlake, a Houston- based manufacturer and supplier of petrochemicals, polymers and building products, had argued that the combined company would be more diversified and have a stronger financial profile than Axiall on its own. Westlake revealed earlier on Friday that on Jan. 25 it had offered $11 per share in cash and 0.1967 of its stock for each Axiall share.
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.