Chemicals Specialty Chemicals

  • July 15- U.S. specialty chemicals company Ferro Corp turned down acquisition offers from private equity firms Apollo Global Management LLC and CVC Capital Partners Ltd as too low, people familiar with the matter said on Friday. Ferro shares slumped 10.3 percent in extended-hours trading in New York on Friday to $12.80. In March, Ferro shareholder FrontFour...

  • July 15- Specialty chemicals company Ferro Corp turned down acquisition offers from private equity firms Apollo Global Management LLC and CVC Capital Partners Ltd as too low, people familiar with the matter said on Friday. Ferro's board met this week and rejected the offers, which were below the company's current trading price of around $14 a share, the people...

  • FRANKFURT, June 17- Germany's BASF SE, the world's largest chemical producer, is buying Albemarle Corp's surface-treatment unit Chemetall for $3.2 billion in cash, bolstering its automotive coatings business, the companies said on Friday. It is also the first major takeover under Chief Executive Kurt Bock, who has focused more on cutbacks and divestments...

  • FRANKFURT, June 17- Germany's BASF SE, the world's largest chemical producer, is buying Albemarle Corp's surface-treatment unit Chemetall for $3.2 billion in cash, bolstering its automotive coatings business, the companies said on Friday. Frankfurt- based Chemetall is a global supplier of specialty chemicals used in surface treatment of metals and plastics.

  • German drug and chemicals giant Bayer has made an unsolicited takeover offer for Monsanto, the world's biggest seed company.

  • May 12- Honeywell International Inc, a U.S. manufacturer of aerospace parts and climate control systems, said it would spin off its $1.3 billion resins and chemicals business into a standalone company, as it focuses on high-growth businesses. The new company, to be named AdvanSix Inc, will be spun off by early 2017, Honeywell said on Thursday.

  • NEW YORK, May 6- Specialty chemicals company Ferro Corp, which makes glass-based coatings, pigments and polishing materials, has hired investment bank Lazard Ltd to explore a sale, people familiar with the matter said on Friday. In March, Ferro shareholder FrontFour Capital Group LLC, a Greenwich, Connecticut- based hedge fund, called on the company to explore a...

  • In March, Ferro shareholder FrontFour Capital Group LLC, a Greenwich, Connecticut- based hedge fund, called on the company to explore a sale, arguing that potential buyers would be interested in Ferro's "significant operational improvement, strong market share positions, robust free cash flow generation and deep acquisition pipeline." Ferro said last month its...

  • CHINESE INDUSTRIES INVOLVED INCLUDE TEXTILES, METALS, LIGHT INDUSTRY, SPECIALTY CHEMICALS, MEDICAL PRODUCTS, HARDWARE, AGRICULTURE- USTR.

  • The oil market is reaching some stability after earlier volatility, the vice chairman of Saudi petrochemicals giant SABIC said.

  • March 20- The Sherwin-Williams Co has agreed to acquire rival U.S. paint company Valspar Corp, the companies said on Sunday, in an all-cash deal valued at about $9.3 billion. Valspar shares closed at $83.83 on Friday on the New York Stock Exchange, and Sherwin-Williams ended at $288.69. "The combination expands our brand portfolio and customer relationships in...

  • March 20- The Sherwin-Williams Co has agreed to acquire rival U.S. paint company Valspar Corp, the companies said on Sunday, in an all-cash deal valued at about $8.9 billion. Valspar shares closed at $83.83 on Friday on the New York Stock Exchange, and Sherwin-Williams ended at $288.69. Sherwin-Williams and Valspar said they have highly complementary products,...

  • March 20- The Sherwin-Williams Co, a U.S. paint company, said on Sunday it agreed to acquire Valspar Corp for about $11.3 billion, or $113 per share, in an all-cash transaction. The transaction also accelerates Sherwin-Williams' growth strategy by expanding in the Asia-Pacific region, Europe, the Middle East and Africa, and also adds new capabilities in the...

  • March 20- The Sherwin-Williams Co, a U.S. paint company, said on Sunday it agreed to acquire Valspar Corp for about $11.3 billion, or $113 per share, in an all-cash transaction.

  • Oil downturn pressures Solvay earnings

    Karim Hajjar, CFO of Solvay, says oil and gas prices have impacted profits after reporting a slower rate of growth.

  • Dupont and Dow Chemical

    Dow Chemical CEO Andrew Liveris said Friday the groundwork for a deal with DuPont had already been laid out.

  • The production plant for high density polyethylene of Dow Chemical in Tessenderlo.

    Dow Chemical and DuPont are expected to announce a merger of equals by Thursday, sources told CNBC.

  • Andrew Liveris, CEO of Dow Chemical at 2015 WEF in Davos, Switzerland.

    Dow reported a better-than-expected quarterly profit, helped by higher margins in five of its six units.

  • Members of the United Steelworkers Union and other supporting unions picket outside the BP refinery on February 10, 2015 in Whiting, Indiana.

    The U.S. refinery strike widened, with workers at the nation's largest refinery walking off the job, the United Steelworkers union said.

  • Nelson Peltz

    Activist investor Nelson Peltz stepped up his fight to break up the company, as his Trian Fund nominated himself and three other members to the board.