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- W2324131262 abstract "It's not going to be so easy for Albemarle to snatch up Albright & Wilson (A&W) after all. Though Richmond, Va.-based Albemarle offered $657 million for the British specialty chemicals company earlier this month (C&EN, March 15, page 12), France's Rhodia has upped the ante with a $738 million bid. Although Rhodia—soon to be spun off from Rhone-Poulenc—has the higher offer on the table and a pledge from A&W's largest shareholder (British firm Phillips & Drew Fund Management) of the sale of its 23% stake, the offer has so many contingencies that it may not be easy to pull off. Rhodia, with annual sales of $6.4 billion, is making its bid through ISPG, a subsidiary of Donau Chemie, a Rhodia industrial partner and an Austrian chlorine and caustic soda maker. Rhodia owned Donau until 1997, when it sold the company to its president, Alain de Krassny, and other managers. Rhodia, which had more than $1 ..." @default.
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- W2324131262 date "1999-03-22" @default.
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- W2324131262 title "Rhodia joins bidding for Albright & Wilson" @default.
- W2324131262 doi "https://doi.org/10.1021/cen-v077n012.p008a" @default.
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