Lotte Chemical Submits Proposal to Buy Axiall

South Korea’s Lotte Chemical submitted proposal on June 3, Lotte says in regulatory filing, without giving terms of the deal.

  • Co. can diversify its business portfolio and secure stable clients by acquiring Axiall
  • Co. creates more than 2t won of cash annually; co. considers using its cash and various measures to raise funds for Axiall acquisition
  • Filing (Korean language): Link
  • NOTE: Maeil Business Newspaper earlier reported the bid: Link

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