United States

Westlake Chemical Corp (WLK.N)

WLK.N on New York Stock Exchange

25 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Westlake Chemical to buy Axiall for $33.00 per share
Friday, 10 Jun 2016 09:16am EDT 

Axiall Corp : Transaction representing an enterprise value of approximately $3.8 billion . Expected annual cost synergies of approximately $100 million . Transaction expected to be accretive to Westlake in first year following close . Sees expected annual cost synergies from deal of approximately $100 million . Axiall Corp says Westlake has received commitments from its banks in connection with financing of transaction . Westlake has agreed to withdraw its nomination of a slate of director nominees at Axiall's upcoming annual meeting of stockholders . Axiall Corp says transaction has been unanimously approved by boards of directors of both companies .Westlake Chemical to acquire Axiall Corporation for $33.00 per share in all-cash transaction.  Full Article

Axiall exploring strategic alternatives, including possible sale of company
Thursday, 26 May 2016 09:32am EDT 

Axiall Corp : Opened strategic alternatives discussions with 3rd parties, including evaluation of possible sale of entire co - SEC filing . Review of potential strategic alternatives for building products business currently underway . $125 million cost reductions and productivity plan on track .Currently engaged in ongoing discussions with 3rd parties, have provided "extensive non-public information".  Full Article

Westlake Chemical intends to revise or reaffirm proposal to Axiall
Monday, 23 May 2016 07:38am EDT 

Westlake Chemical: Westlake Chemical provides update regarding its proposal to acquire Axiall Corporation . On Friday, May 20, 2016 , Axiall's CFO advised Westlake's CFO that axiall had re-opened its data room to Westlake . Will continue to proceed with its current proxy contest to replace Axiall's board .Says Westlake currently intends to submit a revised proposal to Axiall, or reaffirm its current proposal.  Full Article

Westlake Chemical declaresdividend of $0.1815 per share
Tuesday, 10 May 2016 05:39pm EDT 

Westlake Chemical Corp :Declared on Tuesday, may 10, 2016 a dividend of $0.1815 per share.  Full Article

Axiall corp says Westlake's proposal is "inadequate"
Monday, 9 May 2016 08:58am EDT 

Axiall Corp : Westlake's proposal is "inadequate" .Recommends stockholders vote for all nine of axiall's directors at annual meeting.  Full Article

Westlake Chemical discloses proposal to acquire Axiall Corp for $20.00 per share in cash and stock
Friday, 29 Jan 2016 08:15am EST 

Westlake Chemical Corp:Announced that it has submitted a proposal to acquire all of the outstanding shares of Axiall Corp for $20.00 per share.Says total value of the proposed transaction is about $2.9 billion.Deal includes the assumption of certain Axiall liabilities, which include about $1.5 billion of debt outstanding as of September 30, 2015.Says the proposal has been summarily rejected by the Axiall Board.Co has retained Deutsche Bank Securities Inc and Goldman, Sachs & Co. as its financial advisors.  Full Article

Westlake Chemical Corp announces addition to existing share repurchase program
Monday, 23 Nov 2015 05:00pm EST 

Westlake Chemical Corp:Announces addition to existing share repurchase program.Says program is effective immediately.Says board on Friday, November 20, 2015 authorized the company to repurchase an additional $150 million in shares.  Full Article

Westlake Chemical Corporation Announces Quarterly Dividend
Monday, 23 Nov 2015 06:45am EST 

Westlake Chemical Corporation:Board of Directors of declared on Friday, November 20, 2015, a dividend of $0.1815 per share.dividend will be payable on December 18, 2015, to stockholders of record on December 4, 2015.  Full Article

Westlake Chemical Corp announces 10 pct. increase in quarterly dividend
Monday, 24 Aug 2015 07:00am EDT 

Westlake Chemical Corp:Declares on Aug. 21, dividend of $0.1815 per share, an increase of 10 pct. from the $0.165 per share paid in second quarter of 2015.Says dividend will be payable on Sept. 22, to stockholders of record on Sept. 4.  Full Article

Westlake Chemical Corporation acquires additional interest in Suzhou Huasu Plastics Company
Monday, 1 Jun 2015 05:30pm EDT 

Westlake Chemical Corporation:Has acquired INEOS ChlorVinyls Holdings B.V.'s 35.7% interest in Suzhou Huasu Plastics Co., Ltd.Westlake now owns a 95% interest in this joint venture.  Full Article

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BRIEF-Westlake Chemical CEO Albert Chao's 2016 total compensation $7.2 mln

* Westlake Chemical Corp - CEO Albert Chao 's 2016 total compensation was $7.2 million versus $7 million in 2015 - sec filing Source: (http://bit.ly/2oIP9Q3) Further company coverage: