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Chemicals Specialty Chemicals

  • LONDON, June 6- Activist investor Elliott Advisors suffered a setback when U.S. paint maker PPG walked away from bid target Akzo Nobel, but the New York- based hedge fund has plenty of other investments where it is seeking to exert its influence. Elliott, established in 1977 by Paul Elliott Singer, has a reputation for being one of the most vocal activist...

  • LONDON/ AMSTERDAM, June 1- In early March, U.S. paint maker PPG's Chief Executive Michael McGarry flew from Pittsburgh to Amsterdam to take Akzo Nobel boss Ton Buechner for lunch. Rather than spark a discussion, McGarry's bold move at their March 2 meeting triggered a hard-nosed response. After two more offers were rejected, the Pittsburgh- based firm on Thursday...

  • LONDON/ AMSTERDAM, June 1- In early March, U.S. paint maker PPG's Chief Executive Michael McGarry flew from Pittsburgh to Amsterdam to take Akzo Nobel boss Ton Buechner for lunch. Rather than spark a discussion, McGarry's bold move at their March 2 meeting triggered a hard-nosed response. After two more offers were rejected, the Pittsburgh- based firm on Thursday...

  • *Clariant CEO takes chairman role, Peter Huntsman CEO job. ZURICH/ FRANKFURT, May 22- U.S.-based Huntsman Corp and Swiss Clariant AG are combining to create a chemical manufacturer with a market value of over than $14 billion, the deal coming together after years of tentative mutual approaches. European businesses have particularly suffered, losing market...

  • ZURICH/ FRANKFURT, May 22- U.S.-based Huntsman Corp and Switzerland's Clariant AG are combining to create a chemical manufacturer with a market value of more than $14 billion, they said on Monday, after years of tentative mutual approaches. European businesses have particularly suffered, losing market share to rivals in Asia, where demand is growing faster, or...

  • ZURICH, May 22- U.S.-based Huntsman Corp and Switzerland's Clariant AG said on Monday they are combining to create a chemical manufacturer with a market value of more than $14 billion. The deal, which the companies called a "merger of equals", creates a global specialty chemical company with approximately $20 billion enterprise value, Clariant said in a...

  • May 21- Hunstman Corp and Clariant AG are set to announce their merger on Monday, creating a chemical manufacturer with a market value of more than $14 billion, people familiar with the matter said on Sunday. The deal would combine Clariant, a Muttenz, Switzerland- based maker of aircraft de-icing fluids, pesticide ingredients and plastic coloring, with Woodlands,...

  • May 20- U.S. and Saudi Arabian companies signed tens of billions of dollars of business deals on Saturday as Riyadh sought help to develop its economy beyond oil during a visit by President Donald Trump. --GE said it signed $15 billion of business deals with Saudi Arabia, involving almost $7 billion of goods and services from GE itself. --Exxon Mobil and Saudi Basic...

  • KUALA LUMPUR, May 16- The chemical manufacturing unit of Malaysia's state energy firm Petronas is looking to grow "aggressively" in specialty chemicals to meet demand in new regional markets and profit from higher margins, its CEO told Reuters on Tuesday. The affordability of specialty chemicals in its key markets Southeast Asia, China and India is increasing...

  • Chemours non-executive Chairman Richard Brown, second left, applauds as CEO Mark Vergano, third left, rings the New York Stock Exchange opening bell, Monday, June 29, 2015. Chemours’ spin-off from DuPont is expected to begin trading on July 1.

    JPMorgan raises its rating on Chemours to overweight from neutral, saying earnings will beat expectations next year.

  • *Q1 profit $361.6 mln vs year ago $239.4 mln. According to its annual report, Wilmar is the top edible oils refiner as well as speciality fats and oleochemicals manufacturer in China, where it is also among the largest flour and rice millers. China is the company's biggest market by revenue, where it also sells edible oils, grains and noodles under its brands.

  • SAN FRANCISCO, April 17- A hazardous material spill at Tesla Inc's Gigafactory battery plant in Nevada on Monday was being investigated by emergency workers but there were no serious injuries, the company said. Tesla spokesman Dave Arnold said a drum of "standard construction cleaning solvent" was spilled at a loading dock and a small area of the building was...

  • *Shareholder Elliott Advisors threaten legal action. AMSTERDAM, April 12- A rebel shareholder in Akzo Nobel threatened the Dutch paint maker with legal action on Wednesday after the company said it would reject any proposal for a vote on dismissing its chairman at a shareholders' meeting. Fund manager Elliott Advisors is one of a group of shareholders who want...

  • AMSTERDAM, April 12- Rebel shareholders in Dutch paint maker Akzo Nobel want to oust the company chairman after Akzo refused to engage in takeover talks with U.S. rival PPG Industries. Elliott Investors, one of Akzo's largest shareholders, said in a statement it was one of a group of investors that meets the Dutch legal threshold of 10 percent support needed to...

  • April 11- Hedge fund Elliott Advisors is close to securing support from enough Akzo Nobel NV investors to call for an extraordinary general meeting of the Dutch paint maker's shareholders, according to people familiar with the matter. Elliott is hoping the move will add to pressure on Akzo to negotiate a potential sale to U.S. coatings manufacturer PPG...

  • *FTSE 100 up 0.1 pct. *Old Mutual top FTSE loser on South Africa woes. LONDON, April 5- British shares edged higher on Wednesday, extending gains from the previous session as heavyweight mining and oil stocks rallied, while support services firm DCC also gained after agreeing to buy a business in Hong Kong and Macau.

  • *FTSE 100 up 0.3 pct. LONDON, April 5- British shares rose on Wednesday, extending gains from the previous session as heavyweight mining shares and oil stocks rallied while DCC also gained after agreeing to buy a business in Hong Kong and Macau. DCC was also among the biggest gainers, up 1.6 percent and trading close to record highs after agreeing to buy Royal Dutch...

  • March 8- Dutch paint maker Akzo Nobel NV is exploring a sale or merger with a peer, and is in talks with companies including U.S. coatings manufacturer PPG Industries Inc, people familiar with the matter said on Wednesday. The sources asked not to be identified because the matter is confidential. Bloomberg News reported earlier that PPG was exploring a potential...

  • FRANKFURT, March 2- German consumer products group Henkel said it had submitted a binding offer to buy the global Darex Packaging Technologies business from GCP Applied Technologies for $1.05 billion on a cash and debt free basis. The bolt-on acquisition would add a business to Henkel's adhesives division that makes sealants and coatings used by...

  • Feb 21- Chemical maker Tronox Ltd said it would expand a business that makes titanium dioxide, a whitening pigment used in paints, with a $1.67 billion deal. Shares of the company were up 4 percent in premarket trading on Tuesday. Credit Suisse was Tronox's financial adviser, while Kirkland& Ellis LLP and Willkie Farr& Gallagher LLP were its legal advisers.