Lotte Chem Makes Offer to Acquire Axiall; Westlake Continues Takeover Attempts

摘要

Atlanta— Lotte Chemical, joint venture partner with Axiall Corp. in an ethane cracker project, has submitted a proposal to acquire Axiall for an undisclosed amount. Axiall Chief Executive Timothy Mann Jr., in a letter dated 7 June to Axiall employees, said: "As I have shared previously, our board is open to considering strategic alternatives for Axiall in addition to continuing as a standalone company. Our board is willing to consider all alternatives that deliver full and fair value for all stockholders. At this time, our board has not made any decisions concerning the Lotte offer."