Westlake Chemical Provides an Update on the Pending Acquisition of Axiall Corporation
HOUSTON--(BUSINESS WIRE)--Aug. 17, 2016-- Westlake Chemical Corporation (NYSE:WLK) provided an update today on its pending acquisition of Axiall Corporation (NYSE:AXLL). Axiall and Westlake have received all regulatory approvals required for the transaction, including clearance from both the U.S. and Canadian competition authorities. On August 1, 2016, Axiall filed a definitive proxy statement with the United States Securities and Exchange Commission to notify Axiall’s shareholders of a special meeting to be held on August 30, 2016 to vote on the transaction. Assuming the Axiall shareholders approve the transaction at that meeting, the closing is expected to occur on August 31, 2016.
About Westlake Chemical Corporation
Westlake Chemical Corporation is an international manufacturer and supplier of petrochemicals, polymers and building products with headquarters in Houston, Texas. Westlake's range of products includes: ethylene, polyethylene, styrene, propylene, caustic, VCM, PVC suspension and specialty resins and PVC building products including pipe and specialty components, windows, fence, deck and film. For more information, visit Westlake's Web site at www.westlake.com.
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve certain risks and uncertainties. These risks and uncertainties relate to the risks and uncertainties inherent in the petrochemicals, polymers and building products industries discussed in our filings with the Securities and Exchange Commission. Forward-looking statements, like all statements in this press release, speak only as of the date of this press release (unless another date is indicated). We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise.
Source: Westlake Chemical Corporation