Japan’s Hitachi Ltd plans to sell its listed chemical unit as it streamlines its business portfolio, Nikkei reported on Thursday. Hitachi Chemical Co Ltd has a market value of about 545.75 billion yen ($4.87 billion)...
Hitachi Chemical flooded with buy orders on report of sale
Shares of Japan’s Hitachi Chemical were untraded on Monday, hit with a glut of buy orders after a report that parent company Hitachi Ltd was considering a sale of its stake at a hefty premium of more than 40 percent...
Merck KGaA urges Versum shareholders to support takeover bid
Germany’s Merck KGaA on Tuesday called on shareholders of Versum Materials to put pressure on the electronic materials maker’s management to consider its jilted takeover proposal over a rival offer. Versum, the former...
Grasim to acquire chlor-alkali business of KPR Industries for Rs. 253 crore
Aditya Birla Group firm Grasim Industries Ltd on Monday said it has inked a pact to acquire chlor-alkali business of KPR Industries by way of a slump sale for a cash consideration of ₹253 crore. The company, which has...
BASF to launch construction chemicals unit sale in spring: sources
BASF will launch the sale of its $3 billion-plus construction chemicals business in the spring, as part of the German chemicals group’s drive to focus on more profitable operations, people close to the matter said...
Chemicals maker Entegris to buy Versum in $4 billion microchip bet
Entegris Inc said on Monday it would buy rival Versum Materials Inc in an all-stock deal worth about $4 billion, creating a big chemical supplier to the semiconductor market at a time when the industry is under pressure...
EU gives conditional approval to BASF acquisition of Solvay nylon business
The European Commission said on Friday it had approved the acquisition by German chemical company BASF of the nylon business of Belgian rival Solvay subject to conditions. The EU antitrust said Solvay’s facilities in...
Bain-Piramal fund invests $156 million in Archean Group’s marine chemicals business
India Resurgence Fund, a joint venture between Piramal Enterprises Ltd and Bain Capital Credit, on Monday said it had invested $156 million in the marine chemicals business of Chennai-based Archean Group. The investment...
Dutch firm Koninklijke DSM to buy assets in India
Dutch specialty chemicals maker Koninklijke DSM NV (DSM), which has a war chest of $3.5 billion to spend on acquisitions globally, is looking to pick up assets in India, a top executive said in an interview. “We have...
Refinitiv, Akzo buyouts hand more ammunition to private equity firms
The overwhelming response to the US$13.5bn buyout loan and bond financing for Refinitiv and the similar US$7.6bn debt financing backing Akzo Nobel’s spin-off of its chemicals business looks set to have far-reaching...
Chemical distributor Univar to buy Nexeo for $1.05 billion
Chemical distributor Univar Inc (UNVR.N) will acquire smaller rival Nexeo Solutions Inc (NXEO.O) for about $1.05 billion in a cash-and-stock deal to expand its presence in North America. The deal announced on Monday...
U.S. court blocks Tronox’s acquisition of Cristal’s business
A U.S. judge on Wednesday granted the U.S. Federal Trade Commission (FTC) a preliminary injunction blocking chemical maker Tronox’s (TROX.N) pending acquisition of Saudi Arabian peer Cristal’s titanium dioxide business...
