Diversified Chemicals

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Samsung Fine Chemicals to sell entire shares of SSL, SunEdison Semiconductor Limited

Wednesday, 24 Jun 2015 06:08pm EDT

Samsung Fine Chemicals Co Ltd:To sell entire 3,910,000 shares of SSL, SunEdison Semiconductor Limited, at price of 75,922,096,560 won.Expected settlement date July 1.

Univar Inc announces closing of initial public offering and full exercise of over-allotment option by underwriters

Tuesday, 23 Jun 2015 04:50pm EDT

Univar Inc:Announced the closing of its previously announced initial public offering of common stock at a price of $22.00 per share.Underwriters for the initial public offering exercised in full their option to purchase from certain of stockholders an additional 5,250,000 shares of common stock.Completed a concurrent private placement of $350 million of shares of common stock to Dahlia Investments Pte. Ltd., an indirect wholly owned subsidiary of Temasek Holdings (Private) Limited.Deutsche Bank Securities, Goldman, Sachs & Co., and BofA Merrill Lynch acted as joint book-running managers.

Ashland Inc enters into credit agreement - Form 8k

Tuesday, 23 Jun 2015 04:47pm EDT

Ashland Inc:Enters into credit agreement among the company, and The Bank of Nova Scotia, and each lender party thereto and the other agents party thereto.Says the credit agreement provides for a five-year senior unsecured revolving credit facility in an aggregate amount of $1.2 billion.Says this includes a $250 million letter of credit sublimit and a $100 million swing line loan sublimit, and a five-year senior unsecured term loan facility in an aggregate principal amount of $1.1 billion.Says a portion of the proceeds of the term loan facility were used to prepay all of the company’s outstanding loans under the existing credit agreement dated.Says proceeds from the term loan facility were also used to repurchase in the tender offer a portion of the company’s 3.000 pct senior notes due 2016, and proceeds will be used to fund certain underfunded pension obligations of the company and for general corporate purposes.

Dow Chemical's Sadara joint venture now 94 percent complete

Tuesday, 23 Jun 2015 08:30am EDT

Dow Chemical Company:Sadara joint venture now 94 percent complete - on track for first production units to start up in 2015.Says sadara chemical company (sadara) is progressing on-budget and on-schedule.Says sadara is a joint venture developed by the Dow Chemical Company NYSE: Dow) and saudi arabian oil company (saudi aramco).Says significant progress of sadara jv has been made in starting up key infrastructure and utility systems.

Univar Inc prices initial public offering of common stock

Wednesday, 17 Jun 2015 08:41pm EDT

Univar Inc:Says pricing of its initial public offering of 35,000,000 shares of common stock at a price to the public of $22.00 per share.Says Univar Inc. will sell 20,000,000 shares and certain of our stockholders will sell 15,000,000 shares in the offering.Says shares are expected to begin trading on New York Stock Exchange under the symbol "UNVR" on June 18.Intends to use net proceeds of the offering, and a concurrent private placement, to redeem, repurchase, or otherwise acquire or retire $650 million of its outstanding subordinated notes due in 2017 and 2018 and pay associated fees and expenses, and for general corporate purposes.Says Deutsche Bank Securities, Goldman, Sachs & Co., and BofA Merrill Lynch are acting as joint book-running managers.Says additional book-running managers are Barclays Capital Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Jefferies LLC, and Morgan Stanley & Co. LLC.

Akzo Nobel NV and Evonik Industries AG announce production joint venture for chlorine/potassium hydroxide solution

Tuesday, 16 Jun 2015 02:03am EDT

Akzo Nobel NV and Evonik Industries AG:Joined forces to build and operate new membrane electrolysis facility for potassium hydroxide solution and chlorine in Germany.Says start-up is expected by end of 2017.Says 50-50 joint venture involves construction and operation of a dedicated plant at AkzoNobel's existing site in Ibbenbüren.Says it will have an annual nameplate capacity of around 130,000 metric tons of potassium hydroxide solution and 82,000 metric tons of chlorine.Says financial details were not disclosed.

Univar Inc announces launch of initial public offering of common stock

Monday, 8 Jun 2015 11:00am EDT

Univar Inc:Says It has commenced initial public offering of 20,000,000 shares of common stock pursuant to registration statement on Form S-1, as amended, filed with U.S. Securities and Exchange Commission (SEC).Initial public offering price is currently expected to be between $20.00 and $22.00 per share.Underwriters have 30-day option to purchase up to additional 3,000,000 shares of common stock from certain of our stockholders.Intends to use proceeds of offering and concurrent private placement principally to redeem, repurchase, or otherwise acquire or retire $650 mln of outstanding Subordinated Notes due in 2017 and 2018, pay associated fees and expenses, and for general corporate purposes.Deutsche Bank Securities, Goldman, Sachs & Co., and BofA Merrill Lynch are acting as joint book-running managers.Additional book-running managers are Barclays Capital Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Jefferies LLC, and Morgan Stanley & Co. LLC.

Camphor and Allied Products Ltd announces appointment of executive chairperson

Monday, 8 Jun 2015 01:32am EDT

Camphor and Allied Products Ltd:Appoints Chandrika A. Bodani as the additional director of the company through resolution by circulation on January 20 and also appointed has as the executive chairperson of the company in its subsequent board meeting held on Feb. 06.

Asahi Kasei to set up joint venture with Mitsubishi Chemical Holdings

Thursday, 28 May 2015 12:30am EDT

Asahi Kasei Corp:Asahi Kasei and its subsidiary signed agreement with Mitsubishi Chemical Holdings and its subsidiary to set up joint venture in Tokyo.Joint venture with name of Asahi Kasei Mitsubishi Chemical Ethylene Corporation and with registered capital of 2 bln yen.Joint venture to be engaged in production of basic petrochemical raw materials, sales to its two parent companies and procurement of raw materials.

Transpek Industry Ltd recommends dividend

Monday, 25 May 2015 11:47pm EDT

Transpek Industry Ltd:Recommends dividend at the rate of 50 pct i.e. 5.00 Indian rupees per equity share (previous year 25 pct i.e. 2.50 rupees per equity share) for the year ended March 31, 2015.

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