Americas top stories: weekly summary
ICIS Editorial
30-Oct-2017
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 27 October:
Clariant,
Huntsman merger execution risk rises
‘considerably’ – Barclays
The prospect of a merger between Swiss chemical
firm Clariant and US peer Huntsman is still
feasible but “execution risk has risen
considerably” after activist investors White
Tale increased its stake at the firm, UK-based
investment bank Barclays Bank said on Monday.
M&G
subsidiary files for bankruptcy protection in
US court
A US subsidiary of Mossi & Ghisolfi
(M&G) filed for bankruptcy protection under
Chapter 11 on Tuesday.
First nomination
for US Nov BD contracts at 5 cent/lb
decline
The first nomination for US November butadiene
(BD) contracts was at a drop of 5 cents/lb
($110/tonne), sources said on Wednesday.
Global Q3 chem
M&A falls on fewer megadeals –
PwC
Both the number and volume of chemical mergers
and acquisitions (M&A) fell year on year in
the third quarter, the consultancy PwC said on
Thursday.
LyondellBasell to
lift force majeure from US PE plants on 1
Nov
LyondellBasell intends to lift a force majeure
on polyethylene (PE) from four of its
Texas plants as of 1 November, according to a
customer letter obtained by ICIS on Thursday.
US Huntsman,
Swiss Clariant abandon merger
plans
US’ Huntsman and Switzerland’s Clariant have
jointly abandoned plans to merge, the specialty
chemical companies said on Friday.
US Oct PE
contracts increase by 3 cents/lb amid lingering
supply tightness
US polyethylene (PE) contracts for
October were assessed higher on Friday, as
lingering tightness following Hurricane Harvey
kept supply constrained throughout the month.
Global News + ICIS Chemical Business (ICB)
See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.
Contact us
Partnering with ICIS unlocks a vision of a future you can trust and achieve. We leverage our unrivalled network of industry experts to deliver a comprehensive market view based on independent and reliable data, insight and analytics.
Contact us to learn how we can support you as you transact today and plan for tomorrow.