Westlake Agrees to Buy Vinyl Maker Axiall for $2.4 BillionBy
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.
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