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

Delayed Quote. Delayed  - 09/23 10:02:01 pm
50.3 USD   -0.73%
09/10 WESTLAKE CHEMIC : announces expiration and final results of the exch..
09/08 WESTLAKE CHEMIC : WLK) Increases Dividend to $0.19 Per Share
09/06 WESTLAKE CHEMIC : Completes Acquisition of Axiall Corporation
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Westlake Chemical pulls $1.9 billion offer for Georgia Gulf

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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 Westlake Chemical Corporation) said it has withdrawn its $1.9 billion offer to acquire Georgia Gulf Corp (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 Westlake Chemical Corporation) said it has withdrawn its $1.9 billion offer to acquire Georgia Gulf Corp (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)

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Latest news on WESTLAKE CHEMICAL CORPORAT
09/10 WESTLAKE CHEMICAL : announces expiration and final results of the exchange offer..
09/08 WESTLAKE CHEMICAL : Financial Statements and Exhibits (form 8-K/A)
09/08 WESTLAKE CHEMICAL : WLK) Increases Dividend to $0.19 Per Share
09/07 WESTLAKE CHEMICAL CORP : Entry into a Material Definitive Agreement, Creation of..
09/06 WESTLAKE CHEMICAL CORP : Other Events, Financial Statements and Exhibits (form 8..
09/06 WESTLAKE CHEMICAL : Completes Acquisition of Axiall Corporation
09/06 WESTLAKE CHEMICAL : Announces Expiration and Final Results of the Exchange Offer..
08/31 WESTLAKE CHEMICAL CORP : Completion of Acquisition or Disposition of Assets, Cre..
08/31 WESTLAKE CHEMICAL : Completes Acquisition of Axiall Corporation
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Financials ($)
Sales 2016 4 958 M
EBIT 2016 796 M
Net income 2016 474 M
Debt 2016 1 956 M
Yield 2016 1,42%
P/E ratio 2016 13,64
P/E ratio 2017 12,09
EV / Sales 2016 1,70x
EV / Sales 2017 1,26x
Capitalization 6 478 M
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Westlake Chemical Corporat Technical Analysis Chart | WLK | US9604131022 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 57,6 $
Spread / Average Target 14%
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Managers
NameTitle
Yuan Chao President, Chief Executive Officer & Director
Yuan Chao Chairman
Mark Steven Bender CFO, Treasurer, SVP & Head-Investor Relations
Max L. Lukens Independent Director
Dorothy C. Jenkins Director
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