Akzo Nobel NV, Europe’s largest coatings company, rejected an unsolicited 20.9 billion-euro takeover bid from PPG Industries Inc. and said it may separate its specialty chemicals business to boost the stock price. PPG’s bid, worth 83 euros a share at the end of February, substantially undervalued the company, Amsterdam-based Akzo said in a statement Thursday, confirming a Bloomberg News report that the U.S. company was exploring a deal.
Category: Chemicals
South Korea special prosecutor: President Park colluded with friend to receive Samsung bribe
Samsung Group chief, Jay Y. Lee arrives at the office of the independent counsel team in Seoul, South Korea, February 19, 2017. South Korea’s President Park Geun-hye colluded with her friend Choi Soon-sil to receive bribes from Samsung Group, which was aimed to cement Samsung Chief Jay Y. Lee’s control of the company, a special prosecutor said in a statement on Monday.
Architectural Coatings Trends and T…
“Necessity is the mother of invention” drives technology development in many markets, and is especially true in architectural coatings. Increasingly strict regulations regarding the environment, people’s health and sustainability have accelerated and driven innovation.
Sabic Buys Out Shell in Saudi Petrochemical for $820 Million
Saudi Basic Industries Corp., the Middle East’s biggest petrochemicals producer, agreed to buy out Royal Dutch Shell Plc’s 50 percent stake in a Saudi joint venture for $820 million. The Saudi Petrochemical Co.
Danish food giants and DTU researchers come together to solve the ‘ingredients paradox’
‘DTU has a long tradition for researching in the fields of biotechnology and process technology with an innovative slant. We are continuing to build on this tradition,’ said hansen.
Box, Inc. (BOX) Director Sells $9,464,571.69 in Stock
Box, Inc. Director Rory O’driscoll sold 640,797 shares of the firm’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $14.77, for a total transaction of $9,464,571.69.
LG Chem chief renews pledge to boost biopharma business
South Korea’s leading chemicals maker LG Chem is out to boost its newly merged pharmaceutical unit LG Life Sciences, with aims to drive up its competitiveness in the global red biotechnology, or medical biotech, sector. LG Chem Vice Chairman and CEO Park Jin-soo visited LG Life Sciences’ production plant in Iksan, North Jeolla Province on Thursday, marking his first official on-site visit for 2017.
Investment Analysts’ Downgrades for January, 4th (AGU, AVY, AWR,…
According to Zacks, “Agrium has underperformed the Zacks categorized Fertilizers industry over the past six months, reflecting its lower-than-expected earnings performance in the last quarter and the pricing headwinds faced by the company. Agrium is still reeling under the effects of the depressed prices of crop nutrients.
Linde, Praxair Agree to Merger to Create Industrial Gas Giant
Germany’s Linde AG and Praxair Inc. agreed to a merger of equals to create the world’s largest supplier of industrial gases after the U.S. company made concessions to protect jobs and operations around Munich. A new company, bearing the Linde name, will be formed to launch a public exchange offer to shareholders of the German company, the two industrial gas suppliers said in a joint statement on Tuesday.