Chemical M&As surge in first half of the year

08/15/2010 | Chemical & Engineering News

Chemical-market mergers and acquisitions that are priced above $50 million were up 45%, to a combined $28 billion, during the first half of 2010, compared with $18 billion for the same period last year, according to a survey conducted by PricewaterhouseCoopers. Rounding out the largest deals were BASF's $3.8 billion acquisition of specialty-chemicals maker Cognis and the offer of more than $7 billion from Airgas to Air Products & Chemicals. The improving financial landscape and the desire of surviving companies to expand are driving the consolidation, PwC analysts say.

View Full Article in:

Chemical & Engineering News

Published in Brief: