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ACQUISITIONS AND MERGERS - Texaco take-over looks likely
High Performance Plastics, April, 1994
The take-over of Texaco Chemical by Huntsman Corp looks likely to be completed within the next few weeks following all necessary anti-trust approval being given by the US Department of Justice. Announcement of the take-over was made in September 1993. Since then teams from both companies have been working closely to finalise the transaction, reports Plastics & Rubber Weekly (Croydon, UK). "The US Department of Justice has given all necessary Hart-Scott-Rodino anti-trust approval to proceed with this acquisition", says Jon Huntsman, chairman and chief executive officer to the Huntsman group of companies. The Huntsman companies include Huntsman Chemical Corp, a major producer of polystyrene, polypropylene, acrylonitrile- butadiene- styrene, styrene-acrylonitrile and...
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