Grace opens new office in the Russian Federation

06-Jun-2006 - W. R. Grace & Co. is expanding its reach in Eastern Europe with the opening of a new office in Moscow, Russian Federation. The office serves as the central location for Grace's marketing efforts to the Russian Federation and has 14 staff members representing several Grace product lines, including ...

Akzo Nobel completes divestment of Ink and Adhesive Resins business

06-Jun-2006 - Akzo Nobel has completed the divestment of its Ink and Adhesive Resins business to Hexion Specialty Chemicals for EUR 88 million free of cash and debt. Hexion has acquired all assets of the business and all employees (around 560) have transferred to the new owner. Ink & Adhesive Resins has ...

Praxair Announces Contract with Pasadena Refining

02-Jun-2006 - Praxair, Inc. announced a long-term agreement with Pasadena Refining System, Inc. to provide hydrogen to its Pasadena, Texas, refinery starting in April 2007. The hydrogen will be supplied from Praxair's existing 310-mile Gulf Coast hydrogen system. Praxair's hydrogen pipeline system, is ...

Brenntag takes over Schweizerhall Chemie AG

02-Jun-2006 - Brenntag is acquiring all the shares in Schweizerhall Chemie AG, a subsidiary of Schweizerhall Holding AG. According to the company, the takeover of Schweizerhall Chemie AG will strengthen Brenntag's presence in one of the key markets and enable the company to further expand its logistics network ...

Bayer amends Schering takeover offer

Acceptance period for Schering stockholders extended by two weeks

01-Jun-2006 - Bayer has decided to amend the takeover offer for Schering AG and waive the offer condition in section 6.1.6 of the offer document. As a result of the amendment, the acceptance period is automatically extended until June 14, 2006, 24:00 hours CEST. "The extension of the acceptance period ...

BASF and Engelhard Reach Agreement

Engelhard recommends that Engelhard's shareholders accept BASF's offer

01-Jun-2006 - BASF Aktiengesellschaft announced that it signed a definitive agreement with Engelhard Corporation. According to the agreement, Engelhard will recommend that Engelhard shareholders tender their shares to BASF in exchange for $39 per share in cash and will withdraw its $45 per share self-tender ...

Ferro Announces Potential Sale of Speciality Plastics Business

01-Jun-2006 - Ferro Corporation announced that it has entered into a non-binding letter of intent to divest its Specialty Plastics business unit. The sale, which is expected to close in the third quarter of 2006, is subject to negotiation of definitive agreements, due diligence, completion of information and ...

The Dow Chemical Company to Continue Collaboration with Millennium Cell

01-Jun-2006 - Millennium Cell Inc.announced that The Dow Chemical Company has elected to purchase $1.25 million of Millennium Cell's Series B-1 Convertible Preferred Stock under an option which became exercisable upon the achievement of the first milestone under the joint development agreement earlier this ...

Akzo Nobel acquires full ownership of Asian joint venture

31-May-2006 - Akzo Nobel has gained full control of its Asian Akzo Nobel Chang Cheng Coatings joint venture after acquiring the remaining shares. The transaction - which involved purchasing the outstanding 16.66% shares owned by main partner Chang Cheng Securities - means that the company now wholly owns its ...

Linde acquires Turkish Industrial Gases company Karbogaz

31-May-2006 - The technology group Linde has acquired the Turkey based industrial gases producer Karbogaz A.S. Karbogaz, formed in 1984, is a joint venture company between Ismail Aytemiz of Istanbul and U.S. industrial gases producer Praxair, Inc., Danbury, CT. Specific terms of the transaction were not ...