Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Westlake Chemical Corporation    WLK

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Westlake Chemical pulls $1.9 billion offer for Georgia Gulf

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/04/2012 | 10:45pm CEST

Commodity chemicals maker Westlake Chemical Corp (>> Westlake Chemical Corporation) said it has withdrawn its $1.9 billion offer to acquire Georgia Gulf Corp (>> Georgia Gulf Corporation), following talks with its smaller peer's management.

Commodity chemicals maker Westlake Chemical Corp (>> Westlake Chemical Corporation) said it has withdrawn its $1.9 billion offer to acquire Georgia Gulf Corp (>> Georgia Gulf Corporation), following talks with its smaller peer's management.

Shares of Georgia Gulf fell 9 percent to $31.30 in post-market trade on Friday.

Westlake also said it plans to liquidate its holdings of Georgia Gulf common stock as market conditions permit.

The company, in February, had threatened to withdraw its sweetened $1.9 billion offer, or $35 a share, for Georgia Gulf.

"We are disappointed in this result but we continue to work on our previously announced important strategic initiatives," said Westlake Chief Executive Albert Chao.

Shares of Westlake, valued at $3.98 billion, rose 5 percent to $59.78 in after-market trade on Friday.

(Reporting by Sunayan Bhattacharjee in Bangalore; Editing by Saumyadeb Chakrabarty)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WESTLAKE CHEMICAL CORPORAT
07/20 WESTLAKE CHEMICAL : 07/20/2017 Westlake Chemical Announces Second Quarter 2017 C..
07/20 WESTLAKE CHEMICAL : 07/20/2017 Westlake Chemical Partners Announce Second Quarte..
07/20 WESTLAKE CHEMICAL : Announces Second Quarter 2017 Conference Call
05/25 WESTLAKE CHEMICAL CORPORATION : ex-dividend day
05/24 WESTLAKE CHEMICAL : 05/24/2017 Westlake Chemical Awards 2017 Scholarships to Stu..
05/20 WESTLAKE CHEMICAL : 05/19/2017 Westlake Chemical Corporation Declares Quarterly ..
05/19 WESTLAKE CHEMICAL CORPORATION : Declares Quarterly Dividend
05/19 WESTLAKE CHEMICAL CORPORATION (NYSE : WLK) Files An 8-K Departure of Directors o..
05/19 WESTLAKE CHEMICAL CORP : Change in Directors or Principal Officers, Amendments t..
05/03 WESTLAKE CHEMICAL : Management's Discussion and Analysis of Financial Condition ..
More news
News from SeekingAlpha
06/16 DIVIDEND CONTENDERS : 20 Increases Expected In The Next 11 Weeks
06/14 Westlake Chemical (WLK) Presenta At Vertical Research Partners Materials Conf..
06/08 Westlake Chemical (WLK) Presents At Deutsche Bank 8th Annual Global Industria..
06/07 Westlake Chemical (WLK) Presents At Cowen and Co. Chemical Conference - Slide..
05/21 Westlake Chemical Corporation declares $0.1906 dividend
Financials ($)
Sales 2017 7 758 M
EBIT 2017 1 009 M
Net income 2017 570 M
Debt 2017 1 628 M
Yield 2017 1,08%
P/E ratio 2017 16,04
P/E ratio 2018 15,05
EV / Sales 2017 1,37x
EV / Sales 2018 1,34x
Capitalization 9 037 M
Chart WESTLAKE CHEMICAL CORPORAT
Duration : Period :
Westlake Chemical Corporat Technical Analysis Chart | WLK | US9604131022 | 4-Traders
Technical analysis trends WESTLAKE CHEMICAL CORPORAT
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 71,9 $
Spread / Average Target 2,7%
EPS Revisions
Managers
NameTitle
Albert Yuan Chao President, Chief Executive Officer & Director
James Yuan Chao Chairman
Mark Steven Bender CFO, Treasurer, SVP & Investor Relations Contact
Max L. Lukens Independent Director
Dorothy C. Jenkins Director
Sector and Competitors
1st jan.Capitalization (M$)
WESTLAKE CHEMICAL CORPORATION24.92%9 037
AIR LIQUIDE0.38%48 976
SHIN-ETSU CHEMICAL CO LTD13.93%39 758
PRAXAIR, INC.14.98%38 583
LYONDELLBASELL INDUSTRIES NV1.27%35 052
AIR PRODUCTS & CHEMICALS, INC.1.27%31 790