Westlake Agrees to Buy Vinyl Maker Axiall for $2.4 Billion

Updated on
  • Extended takeover contest ends as sweetened bid cements deal
  • Acquistion adds to record M&A in the chemical industry

Westlake Chemical Corp. agreed to acquire Axiall Corp. for about $2.4 billion, burying the hatchet after a five-month takeover contest, to become the second largest North American producer of vinyl products used in pipe, siding and decks.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.