Chemicals Specialty Chemicals

  • Deutsche Bank AG, down 90 cents to $11.85. Pfizer Inc., down 62 cents to $33.64. Germany's Lanxess agreed to buy the specialty chemicals maker in a deal the two companies valued at $2.5 billion.

  • ALBANY, N.Y.— Residents have filed a lawsuit against a plastics manufacturer in a New York village, claiming it knowingly polluted well water with a toxic chemical used in Teflon coatings. The New York City law firm Weitz& Luxenberg filed the lawsuit, which seeks class-action status, on Monday on behalf of the four residents in Rensselaer County.

  • Deutsche Bank's U.S.-listed shares slumped 7 percent Monday after a report that the German government won't intervene with U.S. officials who are pressing the bank to pay $14 billion in fees over mortgage securities. Drugmakers also fell after Pfizer said wouldn't split up into two companies, as many had hoped. Goldman Sachs slumped 2 percent, the biggest drop...

  • NEW YORK— Chemtura's stock is up more than 17 percent in premarket trading after the specialty chemicals company agreed to a $2.5 billion acquisition offer from Germany's Lanxess. Chemtura shareholders will receive $33.50 per share in cash for each share they own. Lanxess Chairman and CEO Matthias Zachert said that the acquisition diversifies its business...

  • *Clinton vs Trump TV debate due later. LONDON, Sept 26- European stocks fell on Monday, weighed down by a pullback in the shares of major banking and energy companies. "Banks are still in bad shape," said Rupert Baker, a European equity sales executive at Mirabaud Securities.

  • Deutsche Bank plunged as investors worried about the financial health of Germany's largest bank. Pfizer pulled drugmakers down after it announced it won't break up into two companies. European banks tumbled after the German magazine Focus said Deutsche Bank won't get a government bailout if it asks for one.

  • 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.

  • 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.