Americas top stories: weekly summary
ICIS Editorial
15-May-2017
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 12 May 2017:
Dutch AkzoNobel rejects third bid
from US PPG as takeover battle
continues
AkzoNobel said on Monday it has rejected the third takeover
bid by US paints and coatings firm PPG Industries, as
the sweetened offer still undervalues the
Dutch specialty chemicals producer.
Chem company management rewarded
for M&A – banker
Chemical merger and acquisition (M&A) activity “has been
on fire and continues to be” as the management of companies
are getting rewarded for growth in all forms, an investment
banker said on Tuesday.
US Interior Department pledges to
fight public land flaring rule
The US Department of the Interior (DOI) said
it has reviewed and flagged a rule regulating flaring
and venting emissions from drilling on public lands
after the US senate voted against a resolution on
Wednesday to repeal those rules.
Dow unveils $4bn of new capacity
investment to 2022
Dow is to invest in an expansion to its recently completed
Texas cracker and develop flagship new polyethylene and
polyolefin capacities in the US and Europe as part of a
five-year investment campaign, the US-headquartered chemicals
firm said on Thursday.
US May propylene contracts fall
16% on improved supply
US May propylene contract prices have settled down 7.5
cents/lb from April, market sources confirmed on Friday, as
derivative turnarounds have curbed demand and helped rebuild
supply.
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