TITLE

SABIC bags GE Plastics

AUTHOR(S)
Bains, Elizabeth; Gibson, Jane
PUB. DATE
May 2007
SOURCE
ICIS Chemical Business;5/28/2007, Vol. 2 Issue 68, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the acquisition of U.S.-based GE Plastics by Saudi Arabia-based SABIC. SABIC has won the battle for GE Plastics after bidding $11.6 billion (€8.6 billion) for the U.S.-based plastics maker. The GE Plastics deal gives the Riyadh-based company a much sought-after U.S. asset base, providing important footholds in key automotive, consumer and industrial plastic markets.
ACCESSION #
25911911

 

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