17 July 2007 13:00 [Source: ICIS news]
Basell to buy Lyondell in $12.6bn deal
Less than a week after its bid for chemical manufacturer Huntsman was rejected in favour of a better offer, Basell Holdings agreed to buy Lyondell Chemical for $12.66bn (€9.07bn), or $48 per share, based on the number of shares outstanding.
Dow Jones, News Corporation set deal
News Corporation reached a tentative agreement for the purchase of Dow Jones at its original $5bn (€3.6bn) offer price. The deal will be put to the full Dow Jones board this evening for its approval, said people familiar with the situation.
Live at Apollo Management: plan to cash in, limit scrutiny
Apollo Management, joining the frenzy by private equity firms to capitalise on their successful track records, is preparing a double-barreled move to cash in and at the same time retain the advantages of being private.
Money and investing
Bain Capital's latest fund builds in rainy day factor
Bain Capital, in a concession to uncertainty about the health of the deal-making environment, is raising $15bn (€10.8bn) for its latest private equity fund, but it will keep a large chunk of that on the sidelines to ease the pressure such megafunds feel to become fully invested as quickly as possible.
Can yellow pages sustain their tear?
Stock prices of the big ?xml:namespace>
Time for Barclays's next serve
As Barclays PLC figures out how much it can afford to bid for Dutch bank ABN Amro Holding, it will be counting on several factors outside its control.
Bush to bolster Abbas and seek peace talks
President Bush announced an initiative on Monday to shore up the Palestinian president and to begin building a Palestinian state, signalling that his administration will use its remaining months to make a major push for peace between Israelis and Palestinians.
Judge rejects charges for 13 on tax shelter
A federal judge dismissed charges yesterday against 13 former employees of the accounting firm KPMG, delivering a blow to prosecutors who once heralded the case as a showpiece in the government’s crusade against questionable tax shelters.
Dow Jones and Murdoch said to move close to deal
Rupert Murdoch reportedly moved a major step closer to achieving his long-standing aim of acquiring The Wall Street Journal, when Dow Jones tentatively agreed to be acquired by Mr Murdoch’s News Corporation yesterday.
Ford seeking a future by going backward
When Bill Ford Jr beat out Fiat and Volkswagen eight years ago to buy Volvo, he declared the $6.5bn (€4.68bn) acquisition a “meaningful step” to fulfilling the Ford Motor’s “21st-century vision” of becoming the world’s leading automaker.
War games play out scenarios for
Bush to sponsor peace talks
President says only nations that "recognise
Dow Jones, Murdoch reach deal
Media mogul's unsolicited $5bn (€3.6bn) bid for Wall Street Journal, other assets, awaits board approval.
Former SEC officials enter securities case
Three former officials ask to intervene in a Supreme Court dispute that could determine whether defrauded investors can recover money from third parties.
DND says it's ensuring troop safety by staying mum
Senior staff at the Department of National Defence are defending the way they release information to the public in the face of criticism and assertions that the department is suppressing documents about Afghan detainees.
Barrels of nuclear waste tipped in quake
A powerful earthquake tipped over barrels of nuclear waste at a power plant in northern
TD Bank to take $4bn stake in BCE
Toronto-Dominion Bank has agreed to commit about $4bn (€2.88bn) in capital to help finance the record takeover of BCE including purchasing a half-billion dollars worth of equity that will give the bank a 7% ownership stake in the telecommunications company, according to people familiar with the matter.
News Corporation reaches tentative deal to buy Dow Jones
Rupert Murdoch's News Corporation has reached a tentative agreement to buy Dow Jones, publisher of The Wall Street Journal, the journal reported on its website.
Front Page PRO insists on 30-day handover Buenos Aires Mayor-elect Mauricio Macri of the PRO party is due to continue pressing today for President Nestor Kirchner to turn over control of the metropolitan section of the Federal Police to the municipal government. ($1 = €0.73)
PRO insists on 30-day handover
Buenos Aires Mayor-elect Mauricio Macri of the PRO party is due to continue pressing today for President Nestor Kirchner to turn over control of the metropolitan section of the Federal Police to the municipal government.
($1 = €0.73)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections