Skip to main content

LyondellBasell granted clearance to acquire A. Schulman

Published by , Editor
Hydrocarbon Engineering,


LyondellBasell, the plastics, chemicals and refining company, has announced that the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act), with respect to its pending acquisition of A. Schulman, Inc.

The termination of the waiting period under the HSR Act satisfies one of the conditions for the closing of the pending acquisition, which remains subject to other customary closing conditions, including approval by A. Schulman shareholders and the receipt of other required regulatory clearances and approvals.

As previously announced on 15 February 2018, LyondellBasell and A. Schulman, a global supplier of high-performance plastic compounds, composites and powders, entered into a definitive agreement under which LyondellBasell will acquire A. Schulman for a total consideration of US$2.25 billion. The acquisition is part of LyondellBasell's strategy existing to create a premier Advanced Polymer Solutions business with broad geographic reach, leading technologies and a diverse product portfolio.

The transaction is expected to close in the second half of 2018.

Read the article online at: https://www.hydrocarbonengineering.com/refining/22032018/lyondellbasell-granted-clearance-to-acquire-a-schulman/

You might also like

The Hydrocarbon Engineering Podcast - Education and training for every phase of the insulating system design process

In this episode of the Hydrocarbon Engineering Podcast, Brandon Stambaugh, Owens Corning Director for Technical Services, joins us to discuss engineers’ demand for education and training to support the critical phases that affect the performance and longevity of insulating systems.

Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.

Apple Podcasts  Spotify Podcasts  YouTube

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

North America downstream news Downstream contract news