Companies, technology & environment
US chemicals concern Solutia is selling its nylon business to an affiliate of New York private equity firm SK Capital Partners for $50m in cash and a 2% equity stake in the new company formed to hold ...
Business digest
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Companies, technology & environment
Neil Eisberg UK pharma major GlaxoSmithKline(GSK) has acquired US dermatology specialist Stiefel Laboratories, basedin Coral Gables, Florida, for $2.9m withthe assumption of $400m of debt when the dea...
Business
Neil Eisberg German pharma and speciality chemicals major Merck reported a 5.4% increase in its Q4 2008 revenues to €1.9bn, with a 7.1% increase to a record €7.6bn for the full year, compared with...
Companies, technology & environment
The US Federal Trade Commission has intervened in the 2007 acquisition of the oxidate assets of The Lockhart Company by Lubrizol, which it contends violated antitrust laws and lessened competition in ...
Business digest
Neil Eisberg Dutch chemical major AkzoNobel is selling its 75% stake in the pure terephthalic acid (PTA) activities of its Chemicals Pakistan business, acquired through its 2008 acquisition of ICI,...
Business Digest
Neil Eisberg Austrian petrochemicals producer Borealis has reported Q1 2007 revenues of €1.5bn, up from €1.3bn in the same period in 2006, to give a net profit of €127m, up from €31m. Ineos Chl...
BUSINESS DIGEST
Neil Eisberg Swiss specialty chemical group Clariant has sold its custom manufacturing business to International Chemical Investors for an undisclosed transaction value. The business had 2006 sa...
Business Digest
Neil Eisberg German chemicals and lifescience major Bayer is to follow in the footsteps of sister German chemical major BASF by filing to delist from the New York Stock Exchange, and deregistering fro...