Diversified Chemicals

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Pidilite Industries Ltd updates on acquisition

Monday, 22 Sep 2014 10:45pm EDT

Pidilite Industries Ltd:Says that the parties have closed and completed the acquisition of the adhesive business of Bluecoat Private Limited.

Pidilite Industries Ltd announces acquisition of adhesive business Blue Coat Private Limited

Monday, 22 Sep 2014 06:27am EDT

Pidilite Industries Ltd:Says that is has approved acquisition of the adhesive business of Blue Coat Private Limited on a slump sale basis for a cash consideration of 2.6357 billion Indian rupees.

Henan Billions Chemicals Co Ltd to acquire business from Huntsman International LLC

Thursday, 11 Sep 2014 08:00pm EDT

Henan Billions Chemicals Co Ltd:To acquire TR52 titanium dioxide related business and related intellectual property and technique (excludes manufacturing assets ) from Huntsman International LLC for $10 million.

Dow Chemical Co cannot get $1 bln deductions on sham partnerships - Reuters

Wednesday, 10 Sep 2014 04:42pm EDT

Dow Chemical Co:Dow Chemical Co is not entitled to more than $1 bln of tax deductions based on a decade of transactions with "sham" partnerships that Goldman Sachs Group Inc and law firm King & Spalding promoted, a federal appeals court decided on Sept.10 - Reuters.A unanimous three-judge panel of 5th U.S. Circuit Court of Appeals let stand a lower court ruling that Dow entered the two Chemtech partnerships that ran from 1993 to 2003 mainly to avoid taxes, and had no legitimate business purpose for them.Circuit Judge Jerry Smith said partnerships left foreign banks that participated in them with "effectively no risk" to their initial investments or intended returns, while also preventing them from meaningfully sharing in any upside.Sept. 10 decision upheld a Feb. 2013 ruling by U.S. District Judge Brian Jackson in Baton Rouge, Louisiana.

Kemira maintains its FY 2014 outlook and updates mid-term financial targets

Tuesday, 9 Sep 2014 06:00am EDT

Kemira Oyj:Says maintains its existing outlook for FY 2014.Says in FY 2014, Kemira expects its revenue in local currencies and excluding acquisitions and divestments to be slightly higher than in FY 2013 and its operative EBITDA to be about at the same level as in FY 2013.Says expects its capital expenditure-to-sales ratio to increase for the next few years from the current run rate of about 6 percent.Says Kemira expects its medium-term operative tax rate to be in the range of 22 percent-24 percent. This rate excludes non-recurring items and the contribution of income from associated companies.Says updates its mid-term financial targets and expects its revenue to be 2.7 billion euros in FY 2017 with an operative EBITDA margin of 15 percent.Says previous target was for revenue to be between EUR 2.6 billion to 2.7 billion in FY 2016 with an operative EBITDA margin of 15 percent.Says gearing target has not changed and is expected to remain below 60 percent.

FMC Corp announces agreement to acquire Auriga Industries A/S's Cheminova for $1.8 bln

Monday, 8 Sep 2014 02:00am EDT

FMC Corp:Signed definitive agreement to acquire Cheminova A/S, a subsidiary of Auriga Industries A/S.Cheminova is a multinational crop protection company based in Denmark.FMC will fund the all-cash acquisition through a mixture of debt and existing cash reserves.Transaction is expected to close in early 2015.FMC will modify its previously announced separation plans by pursuing a sale of Alkali Chemicals.FMC Lithium will be retained as a separate operating segment.Goldman Sachs acted as financial advisor and Wachtell, Lipton, Rosen & Katz acted as legal counsel to FMC in connection with the acquisition.Citigroup provided additional financial advice and committed debt facilities.

DCM Shriram Ltd announces closure of buy back of equity shares

Thursday, 4 Sep 2014 09:05am EDT

DCM Shriram Ltd:Closes on Sept. 04, its Scheme of buyback of equity shares of the face value of 2 indian rupees each fully paid-up, from its shareholders.Bought back 3,487,183 equity shares of 2 rupees each fully paid (Le. approx. 22.22 pct of the maximum buyback size) up to Sept. 04, 2014.

Rolfes Holdings Ltd gives FY 2014 earning guidance

Wednesday, 3 Sep 2014 01:05am EDT

Rolfes Holdings Ltd:Expects HEPS for FY 2014 to decrease between 5 pct and 10 pct (2013: 39.2 cents per share) due to actual trading performance in comparison to FY 2013.Expects EPS for FY 2014 to decrease between 43 pct and 48 pct (2013: 50.3 cents per share) respectivelys.

Kumpulan Jetson Bhd announces acquisition of Senyuman Saujana Sdn Bhd

Thursday, 28 Aug 2014 08:00pm EDT

Kumpulan Jetson Bhd:Says its wholly-owned subsidiary, Jetson Development Sdn Bhd, acquired 2 ordinary shares of 1.00 ringgit each, representing the entire issued and paid-up share capital of Senyuman Saujana Sdn Bhd.SSB became a wholly-owned subsidiary of Jetson.

Ecogreen Fine Chemicals Group Ltd declares interim dividend

Tuesday, 26 Aug 2014 06:13pm EDT

Ecogreen Fine Chemicals Group Ltd:Declares to pay an interim dividend of HK$0.02 per share for the six months ended June 30 (H1 2013: HK$0.0149).Payable on Oct. 31 to the shareholders whose names appear on the register of members of the Company on Oct. 7.


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