German specialty chemicals maker Wacker Chemie (WCHG.DE) said on Tuesday it had started a sale process to reduce its 51.8 percent in its silicon wafers business Siltronic (WAFGn.DE). “Siltronic’s share price...
Tronox to acquire titanium dioxide business of Cristal
Chemical maker Tronox Ltd (TROX.N) announced plans on Tuesday to buy the titanium dioxide business of Cristal, a subsidiary of Saudi Arabia’s Tasnee, for $1.67 billion cash and new shares. The deal would make...
Kanoria Chemicals in talks to raise Rs300 crore
New Delhi-based Kanoria Chemicals and Industries Ltd (KCIL) is in advanced talks to raise close to Rs300 crore from Piramal Fund Management Pvt. Ltd to refinance a part of its debt, two people aware of the development...
SK Innovation buys Dow Chemical’s ethylene acrylic acid unit for $370 million
South Korea’s SK Innovation (096770.KS) said on Thursday it will acquire Dow Chemical Co’s (DOW.N) ethylene acrylic acid (EAA) business for $370 million, a move that will expand its range of high value-added...
Swiss chemicals maker Clariant may buy Mumbai’s Galaxy Surfactants
Swiss speciality chemicals maker Clariant AG is in advanced talks to acquire Mumbai-based chemical manufacturer Galaxy Surfactants Ltd, two people aware of the development said. The deal is potentially worth Rs1,300...
Chemtrade Logistics to buy chemical maker Canexus
Chemtrade Logistics Income Fund (CHE_u.TO) said it would buy chemicals and handling company Canexus Corp (CUS.TO) for C$1.65 in cash per share, as it looks to expand its existing platform and markets. The deal, which...
DuPont Said to Seek Buyer for Herbicides to Ease Merger With Dow
DuPont Co is planning to sell a business making herbicides help reduce potential antitrust sticking points to a $59 billion merger with U.S. competitor Dow Chemical Co., according to people with knowledge of the...
Lanxess Agrees to Buy Rival Chemtura for About $2.1 Billion
Lanxess AG, the German specialty chemicals company, agreed to buy U.S. competitor Chemtura Corp. for about $2.1 billion in cash to expand its lubricant additives and flame retardants businesses. Lanxess agreed to pay...
Bayer nears acquisition of Monsanto – sources
Chemicals and healthcare group Bayer AG (BAYGn.DE) is poised to announce the acquisition of U.S. seeds company Monsanto Co (MON.N) on Wednesday for more than $66 billion, clinching the biggest deal of the year, people...
Bayer exploring sale of dermatology business: Bloomberg
German chemicals and crop pesticides firm Bayer AG is exploring the sale of its dermatology business to push forward its deal with Monsanto Co, Bloomberg reported, citing sources. Bayer is working with JPMorgan Chase...
Bayer shareholder says opposes new Monsanto takeover terms
A leading shareholder in German pharmaceutical and crops manufacturer Bayer said he did not support the revised terms of a takeover offer for U.S. rival Monsanto. John Bennett, the fund manager at Henderson, which had...
LG Chem says mulls merger with LG Life Sciences
South Korea’s LG Chem (051910.KS) is considering a merger with its pharmaceutical affiliate LG Life Sciences (068870.KS), an LG Chem spokesman said, adding that nothing has been decided. South Korean media...
