Diversified Chemicals

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Dow Chemical Company initiates exchange offer for Chlorine Value Chain Businesses

Wednesday, 2 Sep 2015 04:01pm EDT

Dow Chemical Company:Initiates exchange offer for chlorine value chain businesses.Says commenced its exchange offer for the split-off of a significant portion of its chlorine value chain.Exchange offer allows Dow shareholders to exchange their shares of Dow common stock for blue cube spinco inc. common stock.Dow shareholders have the option to exchange all, some or none of shares of Dow stock for shares of splitco common stock.Says Dow expects to issue 100 million shares of splitco common stock in the exchange offer.Shares of splitco common stock will automatically convert into the right to receive 0.87482759 shares of Olin common stock.Tendering Dow shareholders expected to receive about $1.11 of splitco stock for every $1.00 of Dow shares tendered and accepted.After merger, about 52.7 percent of outstanding shares of Olin common stock expected to be held by pre-merger holders of splitco stock.Following consummation, special purpose merger unit of Olin named blue cube acquisition corp will be merged with and into splitco.Dow expects to issue 100 million shares of splitco common stock in the exchange offer.After merger, about 47.3 percent of outstanding shares of Olin common stock expected to be held by pre-merger holders of Olin common stock.Says transaction is expected to have a tax efficient consideration of $5 billion.Following consummation, splitco, as the surviving company, will become a wholly owned subsidiary of Olin.

Samsung Fine Chemicals to acquire stake in SAMSUNG BP CHEMICALS

Thursday, 27 Aug 2015 09:47pm EDT

Samsung Fine Chemicals Co Ltd:To acquire 2,336,600 shares of SAMSUNG BP CHEMICALS CO., LTD (target company), which is engaged in the manufacture of basic organic chemical business.Transaction amount of 81,898 mln won.To hold 49 pct (3,920,000 shares) stake in the target company, after the transaction.

Samsung Fine Chemicals to sell entire shares of STM

Thursday, 27 Aug 2015 09:35pm EDT

Samsung Fine Chemicals Co Ltd:To sell its entire 411,510 shares of STM Co.,Ltd., which is engaged in manufacturing of electronic equipments business, to adjust business structure and to increase competitiveness.Transaction price of 8,924,000,000 won.Expected transaction settlement date of Sep. 16.

Tessenderlo Chemie confirms FY 2015 financial guidance

Wednesday, 26 Aug 2015 02:01am EDT

Tessenderlo Chemie NV:Reconfirms that, based on current assumptions, the growth of the 2015 REBITDA, compared to the 2014 REBITDA, is anticipated to be in a range between 15 pct and 20 pct.

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