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Chemicals Specialty Chemicals

  • *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.

  • Feb 21- Chemical maker Tronox Ltd said it would expand a business that makes titanium dioxide, a whitening pigment used in paints, paper and plastics with a $1.67 billion deal. Tronox is buying the titanium dioxide unit of privately held chemical and mining company Cristal. Cristal will hold a 24 percent stake in the new Tronox, which will include the expanded...

  • Kottmann told reporters on Thursday he was not considering a transformative deal involving the unit, concentrating instead on smaller bolt-on acquisitions similar to oil industry deals the company made in Texas last year for a combined 366 million Swiss francs. With the chemicals sector being transformed by megadeals including Monsanto's $66 billion...

  • Betting big on lithium

    Luke Kissam, Albemarle CEO, discusses the demand for lithium due to the growing need for batteries.

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

  • 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.

  • 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.

  • DuPont reported a 52 percent jump in profit as operating margins rose in five of its seven businesses.