Axiall Gains as Lotte Offer Raises Prospect of Bidding War

  • Proposal comes after Westlake Chemical mounted proxy fight
  • Lotte Group chemicals arm formed venture with Axiall in 2015

Axiall Corp. jumped the most in almost four months after South Korea’s Lotte Chemical Corp. made a takeover offer, raising the prospect of a bidding war for the U.S. maker of vinyl and polyethylene.

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