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Chemicals Specialty Chemicals

  • AMSTERDAM, Oct 30- Akzo Nobel, the Dutch maker of paints and coatings, confirmed on Monday it was in talks to buy U.S. coatings maker Axalta Coating Systems Ltd. Akzo said in a statement the companies were in "constructive talks" but there was no guarantee they would come to a successful conclusion. It said it would dispose of its chemicals division as planned.

  • FRANKFURT/ NEW YORK, Oct 27- Dutch paints and coatings giant Akzo Nobel NV has approached U.S. rival Axalta Coating Systems Ltd to discuss a possible merger that would create a global coatings giant, according to sources familiar with the matter. Shares in Axalta soared nearly 22 percent on the news and were last up 18 percent at $33.27 in early afternoon trading,...

  • ZURICH, Oct 27- Swiss speciality chemicals maker Clariant and U.S. group Huntsman abandoned their $20 billion merger on Friday, notching a win for activist investors who fought the deal for months on the grounds it would destroy shareholder value. White Tale, the investment vehicle of hedge fund manager Keith Meister and New York- based fund 40 North, had raised...

  • ZURICH, Oct 27- Swiss speciality chemicals maker Clariant and U.S. group Huntsman abandoned their $20 billion merger on Friday, notching a win for activist investors who fought the deal for months on the grounds it would destroy shareholder value. White Tale, the investment vehicle of hedge fund manager Keith Meister and New York- based fund 40 North, had raised...

  • Clariant and U.S. group Huntsman abandoned their $20 billion merger deal in a win for activist investors who fought against the deal for months.

  • ZURICH, Oct 27- Swiss specialty chemicals maker Clariant and U.S. group Huntsman abandoned their $20 billion merger on Friday, notching a win for activist investors who fought the deal for months on the grounds it would destroy shareholder value. White Tale, the investment vehicle of hedge fund manager Keith Meister and New York- based fund 40 North, had raised its...

  • ZURICH, Oct 27- Swiss specialty chemicals maker Clariant and U.S. group Huntsman abandoned their $20 billion merger on Friday, notching a win for activist investors who fought against the deal for months on the grounds it would destroy shareholder value. White Tale, the investment vehicle of hedge fund manager Keith Meister and New York City- based fund 40 North,...

  • ZURICH, Oct 27- Swiss specialty chemicals maker Clariant and Huntsman have agreed to abandon their proposed $20 billion merger, bowing to a growing number of shareholders who had joined activist investor White Tale to oppose the deal. "Given the continued accumulation of Clariant shares by activist investor White Tale Holdings and its opposition to the...

  • ZURICH, Oct 26- Activist investors seeking to block Clariant's $20 billion merger deal with Huntsman Corp have increased their stake in the Swiss specialty chemical maker to above 20 percent, triggering a disclosure filing, a source close to the matter said. White Tale Holdings, which is backed by two hedge funds, had told a Swiss newspaper earlier this month it...

  • AMSTERDAM, Oct 18- Paint maker Akzo Nobel warned its operating profit would not grow at all this year, in a further retreat from performance promises made to investors to fend off a 26- billion-euro takeover approach in May. The maker of Dulux paint insisted on Wednesday it would meet other promises made during its defence against suitor PPG Industries,...

  • AMSTERDAM, Oct 18- Dutch Akzo Nobel, which fended off a 26 billion euro takeover approach from PPG Industries in May, warned on Wednesday that operating profit would not grow this year, the second downgrade to its forecast in the past two months. In July the company had said it was on track to meet a goal of 100 million euros in EBIT growth it had promised as part of its...

  • A file photo of workers entering an Exxon Mobil refinery

    Exxon Mobil began production at a new petrochemical plant in Mont Belvieu, Texas, just two months after Hurricane Harvey pummeled the area.

  • ZURICH, Oct 6- Activist investors seeking to block specialty chemical maker Clariant's $20 billion merger with Huntsman Corp own "significantly more" than 15 percent of Clariant shares and want to increase their stake, they told a Swiss newspaper. "We already own more than 15 percent and we're not done buying," White Tale investors David Millstone and David Winter...

  • FRANKFURT/ LONDON, Oct 5- Private equity firms looking to bid for Akzo Nobel's Specialty Chemicals business, which could be valued at up to 9 billion euros, will be offered debt financing of up to 6 billion euros, people close to the situation said. All the prospective bidders declined to comment while Akzo Nobel spokesman Leslie McGibbon said that the "dual track...

  • **Japan's Toshiba Corp said it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key- albeit not its last- hurdle as it scrambles for funds to stave off a potential delisting. **The U.S. Senate voted on Wednesday to confirm Makan Delrahim to head the Justice Department's Antitrust Division, which will decide the fate...

  • **Japan's Toshiba Corp said it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key- albeit not its last- hurdle as it scrambles for funds to stave off a potential delisting. **The U.S. Senate voted on Wednesday to confirm Makan Delrahim to head the Justice Department's Antitrust Division, which will decide the fate...

  • **Japan's Toshiba Corp said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key- albeit not its last- hurdle as it scrambles for funds to stave off a potential delisting. **The U.S. Senate voted on Wednesday to confirm Makan Delrahim to head the Justice Department's Antitrust Division, which will...

  • **Japan's Toshiba Corp said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key- albeit not its last- hurdle as it scrambles for funds to stave off a potential delisting. **The U.S. Senate voted on Wednesday to confirm Makan Delrahim to head the Justice Department's Antitrust Division, which will...

  • ZURICH, Sept 28- Activist investors seeking to block specialty chemicals maker Clariant's merger with Huntsman of the U.S. have boosted their stake in the Swiss company. A notice published on Thursday by the Swiss stock exchange showed White Tale Holdings, which has been used by hedge fund investor Keith Meister and New York City investors David Winter and...

  • CARACAS, Sept 26- U.S. paint manufacturer Axalta Coating Systems has halted production in Venezuela because of the country's "economic and political situation" and has laid off its workers, according to employees and a company statement. Foreign companies have for years been struggling to maintain operations in Venezuela due to currency controls that make it...