NEW YORK— Dow Chemical Co. has agreed to add four new members to its board of directors after pressure from hedge fund activist Daniel Loeb's Third Point. In January, Third Point disclosed that it bought a stake in Dow, calling it its biggest investment. Third Point currently has a 1.9 percent stake in the company.» Read More
Nov 11- Paint company Axalta Coating Systems Ltd's initial public offering raised about $975 million after its enlarged offering was priced at $19.50 per share, at the midpoint of its expected price range. The selling stockholders, including affiliates of Carlyle Group LP, sold 50 million shares. Philadelphia- based Axalta, the Dupont unit which Carlyle bought...
*Daicel raises FY op profit fcast to 47 bln yen. *Daicel says no talks on new air bag orders. TOKYO, Nov 6- Takata Corp, whose potentially defective air bags have been linked to four deaths in the United States, warned of a bigger full-year loss and skipped its dividend- the first time it did not offer a payout since it listed in 2006..
TOKYO, Nov 6- Takata Corp, the Japanese auto safety equipment maker whose potentially defective air bags have been linked to four deaths in the United States, is likely to warn of a bigger full-year loss when it reports quarterly results later on Thursday. Takata, which has 22 percent of the global market for air bag inflators- the explosive device that allows the...
DuPont reported a 52 percent jump in profit as operating margins rose in five of its seven businesses.
Oct 20- Specialty chemicals company Platform Specialty Products Corp said it will buy rival Arysta LifeScience Ltd from a company backed by private equity firm Permira for about $3.51 billion. The company said it expects the deal to immediately add to adjusted earnings per share. The deal is expected to be "highly complementary" to Platform's crop protection...
Sept 26- Specialty chemicals maker PQ Holdings Inc, backed by Carlyle Group LP, said on Friday it has withdrawn its initial public offering of up to $450 million. Malvern, Pennsylvania- based PQ Holdings produces inorganic specialty chemicals used in industrial and consumer markets.
NEW YORK, Sept 11- Taminco Corp shares were up 11 percent on Thursday after Eastman Chemical Co said it will acquire the specialty chemical company. Eastman Chemical's offer of $26 per share represents an 8.9 percent premium to Taminco's Wednesday close.
LONDON, Sept 9- Europe's second-biggest oil company Total, under pressure from shareholders to improve its cash flow and raise dividends, is looking to sell Blu-Tack maker Bostik, sources with knowledge of the matter told Reuters.
Aug 20- Axalta Coating Systems Ltd, a paint coatings company backed by buyout firm Carlyle Group LP, filed with U.S. regulators on Wednesday for an initial public offering of common stock. The company listed Citigroup, Goldman Sachs, Deutsche Bank and JP Morgan among the underwriters for the IPO.
Aug 20- Buyout firm Carlyle Group LP backed performance coatings company Axalta Coating Systems Ltd filed with U.S. regulators on Wednesday to raise up to $100 million in an initial public offering of common stock. The company listed Citigroup, Goldman Sachs, Deutsche Bank and JP Morgan among the underwriters for the IPO.
July 22- DuPont, the world's second-largest seed maker, said its agriculture business would not improve in the current quarter as it struggles to cope with farmers' preference for soybean rather than corn, the mainstay of the business.
July 15- Chemicals maker Albemarle Corp said it would buy rival Rockwood Holdings Inc for $6.2 billion to bulk up its lucrative specialty chemical offerings. Rockwood shareholders will get $50.65 in cash and 0.4803 Albemarle shares for each share they own. Albemarle's shares closed at $72.62 on the New York Stock Exchange on Monday.
July 15- Specialty chemical company Albemarle Corp said it would buy rival Rockwood Holdings Inc in a cash-and-stock deal valued at about $6.2 billion. Rockwood shareholders will get $50.65 in cash and 0.4803 Albemarle shares for each share they own. The offer translates to $85.53 per share, a 13 percent premium to Rockwood's Monday closing price.
June 30- Coatings maker PPG Industries Inc said it would buy Mexico- based Consorcio Comex SA de CV, an architectural and industrial coatings company, for $2.3 billion.
*Seifi Ghasemi to replace John McGlade. June 18- Industrial gas producer Air Products& Chemicals Inc named Seifi Ghasemi chief executive, amid pressure from Bill Ackman to overhaul its management, sending its shares up 8 percent to a life-high.
June 18- Industrial gas producer Air Products& Chemicals Inc, under pressure from Bill Ackman to overhaul its management, said it has appointed Seifi Ghasemi chief executive. Air Products& Chemicals shares rose nearly 9 percent in premarket trading.
NEW YORK, June 3- American Securities LLC is in advanced talks to acquire specialty chemicals company Emerald Performance Materials LLC from private equity peer Sun Capital Partners Inc for more than $1 billion, people familiar with the matter said on Tuesday.
Patrick Jany, CFO of Swiss specialty chemicals firm, Clariant, tells CNBC that the company had a good fourth quarter and are progressing on the operational side and their portfolio.
Chuck Bunch, CEO of PPG Industries, speaks about his company's future prospects.
CEO Charles Bunch told Cramer he expects a "solid economic picture" going forward.