Lotte Chemical makes bid for U.S.-based Axiall Corp.
Published: 07 Jun. 2016, 20:31
Lotte submitted a plan to acquire Atlanta-based Axiall on Friday, according to a regulatory filing that did not give terms of the possible deal.
The Korean company formed a venture last year with Axiall, which has a market value of $1.6 billion, to build a plant for making ethylene in the United States, with production to start in 2018.
with the Korea JoongAng Daily
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