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S.Korea's Lotte Chemical bids for U.S.-based Axiall Corp
2016年6月6日 / 晚上11点37分 / 1 年前

S.Korea's Lotte Chemical bids for U.S.-based Axiall Corp

SEOUL, June 7 (Reuters) - South Korea’s Lotte Chemical Corp said on Tuesday it had made an initial bid to buy U.S.-based Axiall Corp, which has a market value of $1.64 billion.

No financial details were disclosed. Lotte Chemical said Axiall generated at least 2 trillion won ($1.72 billion) in cash per year, and that it was considering various methods to finance the acquisition.

$1 = 1,159.7900 won Reporting by Joyce Lee; Editing by Tony Munroe and Stephen Coates

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