Report: CPChem bidding $15 billion for Nova Chemicals

摘要

Reuters, citing “people familiar with the matter,” reports that Chevron Phillips Chemical (CPChem; The Woodlands, Texas) has bid more than $15 billion including debt to acquire Nova Chemicals (Calgary, Alberta). The bid values Nova at 10 times its 2018 EBITDA, according to Jonas Oxgaard, an analyst with Bernstein (London, United Kingdom).