BASF have signed a letter of intent for the purchase of Sunoco’s plasticiser business. They expect to close the deal before the end of the third quarter of this year. Financial details of the transaction have not b...
GE have entered into an agreement to acquire OSi Specialties, the organosilicones business of Compton Corp, via their business unit GE Specialty Materials. Compton will receive US$645 million in cash and GE’s Speci...
United States Steel Corporation today presented a formal offer to Poland's Ministry of State Treasury to purchase Polskie Huty Stali (PHS). Details of the offer are confidential under the terms of the official privat...
As the cut off date for offers to purchase the bankrupt Bethlehem Steel was reached on Tuesday, 2 new bidders emerged, in addition to the well documented bid from International Steel Group (ISG).
The new bids came fro...
In the ongoing battle to acquire the assets of bankrupt National Steel, US Steel have upped their bid by $25 million to $775 million. Their bid is still short of AK Steel’s offer of $925 million, of which both incl...
AK Steel, the leading bidder for the purchase of bankrupt National Steel, has failed to reach a labour agreement with the United Steelworkers of America (USWA) by the deadline imposed by the US Bankruptcy courts.
AK S...
Xstrata have announced a bid for the takeover of Australian-based MIM via a wholly owned subsidiary. MIM are a mining and minerals processing company producing copper, gold, zinc, lead, silver and coal, with operations i...
The planned magnesium plant for Malaysia by New World Alloys has been delayed.
The plan involved the purchase of Alcoa’s decommissioned magnesium plant at Washington, USA and subsequent relocation to Malaysia.
...
US Steel, through its wholly owned subsidiary US Steel Balkan have agreed to purchase bankrupt Sartid a.d. and six of its subsidiaries for $23 million.
The acquisition of the Serbian-based Sartid a.d. is scheduled for...
Century Aluminium have just completed the acquisition of the Hawesville, Kentucky, USA aluminium reduction plant from Glencore International AG. This consisted of the purchase of the remaining 20% share which they did no...
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