Thursday, August 26, 2010

Honam Petrochemical to pay US$1.25 bln in cash to acquire Titan Chemicals

South Korea’s Honam Petrochemical will pay about US$1.25 bln in cash to acquire Titan Chemicals Corporation, as per Plasteurope. Following an initial takeover of 72.6% of the shares held by Titan headd and the state-run Permoladan Nasional, Honam plans to squeeze out the remaining shareholders.

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