Westlake Chemical Corp (WLK) 46.40 $WLK
US stocks give up recent gains as oil prices sink
By MARLEY JAY - AP - Fri Jun 10, 4:19PM CDT
NEW YORK (AP) — U.S. stocks skidded Friday in a wave of selling that wiped out most of the market's gains from earlier this week. A drop in oil prices took energy companies sharply lower. Investors were also troubled by a poll showing Britain may be more likely to leave the European Union.
WLK: 46.40 (+1.34), JPM: 63.84 (-0.91), C: 43.90 (-1.11), COP: 44.51 (-2.06), BAC: 13.83 (-0.36), VZ: 52.67 (+0.72), HRB: 24.23 (+2.69)
Westlake Chemical buying Axiall for $2.33 billion
AP - Fri Jun 10, 10:10AM CDT
NEW YORK (AP) — Westlake Chemical Corp. has agreed to buy Axiall Corp. for about $2.33 billion, ending a months-long takeover battle and creating a top producer of chemicals including chlorine and plastics.
WLK: 46.40 (+1.34), AXLL: 32.56 (+6.75)
AXIALL CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
BusinessWire - Fri Jun 10, 9:34AM CDT
Rigrodsky & Long, P.A.:
WLK: 46.40 (+1.34), AXLL: 32.56 (+6.75)
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Axiall Corporation of an Investigation Regarding the Fairness of the Sale of the Company to Westlake Chemical Corporation for $33 Per Share - AXLL
ACCESSWIRE - Fri Jun 10, 9:04AM CDT
NEW YORK, NY / ACCESSWIRE / June 10, 2016 / The following statement is being issued by Levi & Korsinsky, LLP:
WLK: 46.40 (+1.34), AXLL: 32.56 (+6.75)
Westlake Chemical to Acquire Axiall Corporation for $33.00 Per Share in All-Cash Transaction
PR Newswire - Fri Jun 10, 8:16AM CDT
Westlake Chemical Corporation (NYSE: WLK) and Axiall Corporation (NYSE: AXLL) today announced that they have entered into a definitive agreement under which Westlake will acquire all of the outstanding shares of Axiall for $33.00 per share in an all-cash transaction, representing an enterprise value of approximately $3.8 billion, including debt and certain other Axiall liabilities. The transaction has been unanimously approved by the Boards of Directors of both companies and is expected to be completed by the fourth quarter of 2016.
WLK: 46.40 (+1.34), AXLL: 32.56 (+6.75)
Axiall Corporation is Now a Strong Buy: Should You Add?
Zacks Equity Research - Zacks Investment Research - Fri Jun 03, 6:03AM CDT
Zacks Investment Research upgraded Axiall Corporation (AXLL) to a Zacks Rank #1 (Strong Buy) on Jun 3, 2016.
WLK: 46.40 (+1.34), IOSP: 49.33 (-0.19), ALB: 79.83 (-0.43), AXLL: 32.56 (+6.75)
Westlake Chemical Set to Possibly Pullback After Yesterday's Rally of 1.86%
Comtex SmarTrend(R) - Wed Jun 01, 4:04PM CDT
Westlake Chemical (NYSE:WLK) traded in a range yesterday that spanned from a low of $43.50 to a high of $45.03. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $44.75 on volume of 500,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
WLK: 46.40 (+1.34)
Westlake Chemical Provides Update Regarding Its Proposal to Acquire Axiall Corporation
PR Newswire - Mon May 23, 6:30AM CDT
Westlake Chemical Corporation (NYSE: WLK) today provided the following update regarding its proposal to acquire all of the outstanding shares of Axiall Corporation (NYSE: AXLL):
WLK: 46.40 (+1.34), AXLL: 32.56 (+6.75)
U.S. Chemical Output Flat in April on Mixed Regional Results
Zacks Equity Research - Zacks Investment Research - Fri May 20, 12:33PM CDT
U.S. chemical output stalled in April on mixed production results across the chemical producing regions.
WLK: 46.40 (+1.34), LYB: 80.47 (+0.55), CE: 70.69 (-0.23), EMN: 72.90 (+1.12), DOW: 53.38 (-0.21)
Westlake Chemical Corporation Announces Quarterly Dividend
PR Newswire - Tue May 10, 4:30PM CDT
The Board of Directors of Westlake Chemical Corporation (NYSE:WLK), declared on Tuesday, May 10, 2016 a dividend of $0.1815 per share. The dividend will be payable on June 7, 2016, to stockholders of record on May 23, 2016. This is the 47th successive quarterly dividend that Westlake has declared since completing its initial public offering in August 2004.
WLK: 46.40 (+1.34)
Westlake Chemical Sends Letter Urging Axiall Shareholders to Vote "FOR" its Nine Highly-Qualified and Independent Nominees to Axiall's Board
PR Newswire - Wed May 04, 8:08AM CDT
Westlake Chemical Corporation (NYSE: WLK) today sent the following letter to Axiall Corporation's (NYSE: AXLL) shareholders urging them to vote the GOLD proxy card "FOR" the election to Axiall's Board of Directors of the nine highly-qualified and independent candidates nominated by Westlake at Axiall's Annual Meeting scheduled for June 17, 2016. Shareholders of record as of the close of business on May 4, 2016 will be entitled to vote at the Axiall Annual Meeting.
WLK: 46.40 (+1.34), AXLL: 32.56 (+6.75)
Westlake Chemical (WLK) Q1 Earnings Beat, Sales Trail
Zacks Equity Research - Zacks Investment Research - Tue May 03, 7:31AM CDT
Westlake Chemical (WLK) posted earnings of 94 cents per share in the first quarter of 2016.
WLK: 46.40 (+1.34)
Westlake beats 1Q profit forecasts
Automated Insights - Tue May 03, 5:51AM CDT
HOUSTON (AP) _ Westlake Chemical Corp. (WLK) on Tuesday reported first-quarter earnings of $123.1 million.
WLK: 46.40 (+1.34)
Westlake Chemical Corporation Announces First Quarter 2016 Earnings
PR Newswire - Tue May 03, 5:35AM CDT
Westlake Chemical Corporation (NYSE: WLK) today reported net income for the three months ended March 31, 2016 of $123.1 million, or $0.94 per diluted share, on net sales of $975.2 million. This represents a decrease in net income of $23.2 million, or $0.16 per diluted share, compared to the quarter ended March 31, 2015 net income of $146.3 million, or $1.10 per diluted share, on net sales of $1,103.5 million. Net sales for the first quarter of 2016 decreased by $128.3 million compared to net sales for the first quarter of 2015, mainly due to lower sales prices for all of our major products, partially offset by higher sales volumes for polyethylene and most of our major Vinyls products. Sales prices in the first quarter of 2016 were negatively impacted by lower crude oil prices as compared to the prior-year period. Income from operations was $202.3 million for the first quarter of 2016 as compared to $229.3 million for the first quarter of 2015. The decrease in income from operations for the first quarter of 2016 was mainly attributable to lower North American integrated product margins, primarily as a result of lower sales prices in the first quarter of 2016, partially offset by lower average feedstock and energy costs, higher product margins at our European operations and higher chlor alkali production, as compared to the first quarter of 2015.
WLK: 46.40 (+1.34)
SmarTrend Watching for Potential Rebound in Shares of Westlake Chemical After 2.22% Loss
Comtex SmarTrend(R) - Mon May 02, 4:27PM CDT
Westlake Chemical (NYSE:WLK) traded in a range yesterday that spanned from a low of $49.06 to a high of $50.65. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $49.59 on volume of 546,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
WLK: 46.40 (+1.34)
What's in Store for Westlake Chemical's (WLK) Q1 Earnings?
Zacks Equity Research - Zacks Investment Research - Fri Apr 29, 6:59AM CDT
Westlake Chemical Corp. (WLK) is set to release earnings for the first quarter of 2016 ahead of the bell on May 3.
WLK: 46.40 (+1.34), ALB: 79.83 (-0.43), SMG: 68.79 (unch), OEC: 16.64 (+0.48)
Westlake Chemical Corporation Announces First Quarter 2016 Earnings Conference Call
GlobeNewswire - Wed Apr 20, 7:00AM CDT
Westlake Chemical Corporation (NYSE:WLK) will release its 2016 first quarter earnings prior to the market opening on Tuesday, May 3, 2016. The company will host a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on the same day to discuss the earnings release.
WLK: 46.40 (+1.34)
Zacks Industry Outlook Highlights: Dow Chemical, DuPont, BASF, Eastman Chemical and Westlake Chemical
Zacks Equity Research - Zacks Investment Research - Fri Apr 15, 8:30AM CDT
Zacks Industry Outlook Highlights: Dow Chemical, DuPont, BASF, Eastman Chemical and Westlake Chemical
WLK: 46.40 (+1.34), EMN: 72.90 (+1.12), DD: 67.56 (-0.34), DOW: 53.38 (-0.21)
Westlake Chemical Increases Proposal to Acquire Axiall Corporation to $23.35 Per Share in Cash and Stock
PR Newswire - Mon Apr 04, 7:00AM CDT
Westlake Chemical Corporation (NYSE: WLK) today announced that it has increased its proposal to acquire all of the outstanding shares of Axiall Corporation (NYSE: AXLL) to an aggregate value of $23.35 per share (comprised of $14.00 in cash and 0.1967 of a Westlake share), based on the closing price of Westlake's common stock on April 1, 2016. The revised proposal represents a premium of over 143% to Axiall's closing price of $9.60 per share on January 22, 2016, the last trading day before Westlake submitted its initial proposal to Axiall, and an increase of approximately 17% to Westlake's initial proposal of $20.00 per share. The total value of the revised proposal is approximately $3.1 billion, including the assumption of certain Axiall liabilities, which include approximately $1.5 billion of debt outstanding as of December 31, 2015. The revised proposal was summarily rejected by Axiall's Board of Directors and Axiall refused to make a counterproposal or otherwise negotiate or provide any constructive feedback.
WLK: 46.40 (+1.34), AXLL: 32.56 (+6.75)
U.S. Chemical Output Edges Up in February on Broad Gains
Zacks Equity Research - Zacks Investment Research - Thu Mar 24, 2:32PM CDT
U.S. chemical production rose 0.2% in February on higher output across all seven chemical producing regions.
WLK: 46.40 (+1.34), LYB: 80.47 (+0.55), CE: 70.69 (-0.23), EMN: 72.90 (+1.12), DOW: 53.38 (-0.21)
US stocks give up recent gains as oil prices sink
By MARLEY JAY - AP - Fri Jun 10, 4:19PM CDT
NEW YORK (AP) — U.S. stocks skidded Friday in a wave of selling that wiped out most of the market's gains from earlier this week. A drop in oil prices took energy companies sharply lower. Investors were also troubled by a poll showing Britain may be more likely to leave the European Union.
WLK: 46.40 (+1.34), JPM: 63.84 (-0.91), C: 43.90 (-1.11), COP: 44.51 (-2.06), BAC: 13.83 (-0.36), VZ: 52.67 (+0.72), HRB: 24.23 (+2.69)
Westlake Chemical buying Axiall for $2.33 billion
AP - Fri Jun 10, 10:10AM CDT
NEW YORK (AP) — Westlake Chemical Corp. has agreed to buy Axiall Corp. for about $2.33 billion, ending a months-long takeover battle and creating a top producer of chemicals including chlorine and plastics.
WLK: 46.40 (+1.34), AXLL: 32.56 (+6.75)
AXIALL CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
BusinessWire - Fri Jun 10, 9:34AM CDT
Rigrodsky & Long, P.A.:
WLK: 46.40 (+1.34), AXLL: 32.56 (+6.75)
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Axiall Corporation of an Investigation Regarding the Fairness of the Sale of the Company to Westlake Chemical Corporation for $33 Per Share - AXLL
ACCESSWIRE - Fri Jun 10, 9:04AM CDT
NEW YORK, NY / ACCESSWIRE / June 10, 2016 / The following statement is being issued by Levi & Korsinsky, LLP:
WLK: 46.40 (+1.34), AXLL: 32.56 (+6.75)
Westlake Chemical to Acquire Axiall Corporation for $33.00 Per Share in All-Cash Transaction
PR Newswire - Fri Jun 10, 8:16AM CDT
Westlake Chemical Corporation (NYSE: WLK) and Axiall Corporation (NYSE: AXLL) today announced that they have entered into a definitive agreement under which Westlake will acquire all of the outstanding shares of Axiall for $33.00 per share in an all-cash transaction, representing an enterprise value of approximately $3.8 billion, including debt and certain other Axiall liabilities. The transaction has been unanimously approved by the Boards of Directors of both companies and is expected to be completed by the fourth quarter of 2016.
WLK: 46.40 (+1.34), AXLL: 32.56 (+6.75)
Axiall Corporation is Now a Strong Buy: Should You Add?
Zacks Equity Research - Zacks Investment Research - Fri Jun 03, 6:03AM CDT
Zacks Investment Research upgraded Axiall Corporation (AXLL) to a Zacks Rank #1 (Strong Buy) on Jun 3, 2016.
WLK: 46.40 (+1.34), IOSP: 49.33 (-0.19), ALB: 79.83 (-0.43), AXLL: 32.56 (+6.75)
Westlake Chemical Set to Possibly Pullback After Yesterday's Rally of 1.86%
Comtex SmarTrend(R) - Wed Jun 01, 4:04PM CDT
Westlake Chemical (NYSE:WLK) traded in a range yesterday that spanned from a low of $43.50 to a high of $45.03. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $44.75 on volume of 500,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
WLK: 46.40 (+1.34)
Westlake Chemical Provides Update Regarding Its Proposal to Acquire Axiall Corporation
PR Newswire - Mon May 23, 6:30AM CDT
Westlake Chemical Corporation (NYSE: WLK) today provided the following update regarding its proposal to acquire all of the outstanding shares of Axiall Corporation (NYSE: AXLL):
WLK: 46.40 (+1.34), AXLL: 32.56 (+6.75)
U.S. Chemical Output Flat in April on Mixed Regional Results
Zacks Equity Research - Zacks Investment Research - Fri May 20, 12:33PM CDT
U.S. chemical output stalled in April on mixed production results across the chemical producing regions.
WLK: 46.40 (+1.34), LYB: 80.47 (+0.55), CE: 70.69 (-0.23), EMN: 72.90 (+1.12), DOW: 53.38 (-0.21)
Westlake Chemical Corporation Announces Quarterly Dividend
PR Newswire - Tue May 10, 4:30PM CDT
The Board of Directors of Westlake Chemical Corporation (NYSE:WLK), declared on Tuesday, May 10, 2016 a dividend of $0.1815 per share. The dividend will be payable on June 7, 2016, to stockholders of record on May 23, 2016. This is the 47th successive quarterly dividend that Westlake has declared since completing its initial public offering in August 2004.
WLK: 46.40 (+1.34)
Westlake Chemical Sends Letter Urging Axiall Shareholders to Vote "FOR" its Nine Highly-Qualified and Independent Nominees to Axiall's Board
PR Newswire - Wed May 04, 8:08AM CDT
Westlake Chemical Corporation (NYSE: WLK) today sent the following letter to Axiall Corporation's (NYSE: AXLL) shareholders urging them to vote the GOLD proxy card "FOR" the election to Axiall's Board of Directors of the nine highly-qualified and independent candidates nominated by Westlake at Axiall's Annual Meeting scheduled for June 17, 2016. Shareholders of record as of the close of business on May 4, 2016 will be entitled to vote at the Axiall Annual Meeting.
WLK: 46.40 (+1.34), AXLL: 32.56 (+6.75)
Westlake Chemical (WLK) Q1 Earnings Beat, Sales Trail
Zacks Equity Research - Zacks Investment Research - Tue May 03, 7:31AM CDT
Westlake Chemical (WLK) posted earnings of 94 cents per share in the first quarter of 2016.
WLK: 46.40 (+1.34)
Westlake beats 1Q profit forecasts
Automated Insights - Tue May 03, 5:51AM CDT
HOUSTON (AP) _ Westlake Chemical Corp. (WLK) on Tuesday reported first-quarter earnings of $123.1 million.
WLK: 46.40 (+1.34)
Westlake Chemical Corporation Announces First Quarter 2016 Earnings
PR Newswire - Tue May 03, 5:35AM CDT
Westlake Chemical Corporation (NYSE: WLK) today reported net income for the three months ended March 31, 2016 of $123.1 million, or $0.94 per diluted share, on net sales of $975.2 million. This represents a decrease in net income of $23.2 million, or $0.16 per diluted share, compared to the quarter ended March 31, 2015 net income of $146.3 million, or $1.10 per diluted share, on net sales of $1,103.5 million. Net sales for the first quarter of 2016 decreased by $128.3 million compared to net sales for the first quarter of 2015, mainly due to lower sales prices for all of our major products, partially offset by higher sales volumes for polyethylene and most of our major Vinyls products. Sales prices in the first quarter of 2016 were negatively impacted by lower crude oil prices as compared to the prior-year period. Income from operations was $202.3 million for the first quarter of 2016 as compared to $229.3 million for the first quarter of 2015. The decrease in income from operations for the first quarter of 2016 was mainly attributable to lower North American integrated product margins, primarily as a result of lower sales prices in the first quarter of 2016, partially offset by lower average feedstock and energy costs, higher product margins at our European operations and higher chlor alkali production, as compared to the first quarter of 2015.
WLK: 46.40 (+1.34)
SmarTrend Watching for Potential Rebound in Shares of Westlake Chemical After 2.22% Loss
Comtex SmarTrend(R) - Mon May 02, 4:27PM CDT
Westlake Chemical (NYSE:WLK) traded in a range yesterday that spanned from a low of $49.06 to a high of $50.65. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $49.59 on volume of 546,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
WLK: 46.40 (+1.34)
What's in Store for Westlake Chemical's (WLK) Q1 Earnings?
Zacks Equity Research - Zacks Investment Research - Fri Apr 29, 6:59AM CDT
Westlake Chemical Corp. (WLK) is set to release earnings for the first quarter of 2016 ahead of the bell on May 3.
WLK: 46.40 (+1.34), ALB: 79.83 (-0.43), SMG: 68.79 (unch), OEC: 16.64 (+0.48)
Westlake Chemical Corporation Announces First Quarter 2016 Earnings Conference Call
GlobeNewswire - Wed Apr 20, 7:00AM CDT
Westlake Chemical Corporation (NYSE:WLK) will release its 2016 first quarter earnings prior to the market opening on Tuesday, May 3, 2016. The company will host a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on the same day to discuss the earnings release.
WLK: 46.40 (+1.34)
Zacks Industry Outlook Highlights: Dow Chemical, DuPont, BASF, Eastman Chemical and Westlake Chemical
Zacks Equity Research - Zacks Investment Research - Fri Apr 15, 8:30AM CDT
Zacks Industry Outlook Highlights: Dow Chemical, DuPont, BASF, Eastman Chemical and Westlake Chemical
WLK: 46.40 (+1.34), EMN: 72.90 (+1.12), DD: 67.56 (-0.34), DOW: 53.38 (-0.21)
Westlake Chemical Increases Proposal to Acquire Axiall Corporation to $23.35 Per Share in Cash and Stock
PR Newswire - Mon Apr 04, 7:00AM CDT
Westlake Chemical Corporation (NYSE: WLK) today announced that it has increased its proposal to acquire all of the outstanding shares of Axiall Corporation (NYSE: AXLL) to an aggregate value of $23.35 per share (comprised of $14.00 in cash and 0.1967 of a Westlake share), based on the closing price of Westlake's common stock on April 1, 2016. The revised proposal represents a premium of over 143% to Axiall's closing price of $9.60 per share on January 22, 2016, the last trading day before Westlake submitted its initial proposal to Axiall, and an increase of approximately 17% to Westlake's initial proposal of $20.00 per share. The total value of the revised proposal is approximately $3.1 billion, including the assumption of certain Axiall liabilities, which include approximately $1.5 billion of debt outstanding as of December 31, 2015. The revised proposal was summarily rejected by Axiall's Board of Directors and Axiall refused to make a counterproposal or otherwise negotiate or provide any constructive feedback.
WLK: 46.40 (+1.34), AXLL: 32.56 (+6.75)
U.S. Chemical Output Edges Up in February on Broad Gains
Zacks Equity Research - Zacks Investment Research - Thu Mar 24, 2:32PM CDT
U.S. chemical production rose 0.2% in February on higher output across all seven chemical producing regions.
WLK: 46.40 (+1.34), LYB: 80.47 (+0.55), CE: 70.69 (-0.23), EMN: 72.90 (+1.12), DOW: 53.38 (-0.21)
