Apollo Management

ALBANY, N.Y.--(BUSINESS WIRE)-- Momentive Performance Materials Inc. (the "Company") today announced that its wholly-owned subsidiary, Momentive Performance Materials Quartz, Inc., has acquired certain assets of the semiconductor and lighting quartz products business of Osram Sylvania Products Inc. ("OSPI"), including manufacturing equipment, inventory, intellectual property and customer lists. OSPI is a wholly-owned subsidiary of ...

COLUMBUS, Ohio--(BUSINESS WIRE)-- Hexion Specialty Chemicals, Inc., announced today that it has received clearance from the U. S. Federal Trade Commission (FTC) of its proposed acquisition of Huntsman Corporation. The FTC accepted a consent order that requires Hexion to divest part of its specialty epoxy resin production and development capabilities to Spolek Pro Chemickou a Hutni Vyrobu, Akciova Spolecnost (Spolek). In addition, the European Commission, which previously had approved the acquisition conditioned upon the same divestiture, has approved sale of the divested business to Spolek. ...

LONDON, UNITED KINGDOM -- (MARKET WIRE) -- 10/01/08 -- Reportlinker.com announces that a new market research report related to the Chemicals industry industry is available in its catalogue. World Construction Chemicals Market http://www.reportlinker.com/p092433/World-Construction-Chemicals-Market.html This report analyzes the worldwide markets for Construction Chemicals in Millions of US$. The Major product segments analyzed are Protective Coatings & Sealers, Caulks & Adhesives, Cement & Asphalt Additives, Grouts & Mortars, and Polymer Flooring & Others. The Major End-Use markets analyzed are Residential Construction, Non-Residential Construction, and Non-Building Construction. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual forecasts are provided for each region for the period of 2001 through 2015. A ten-year historic analysis is also provided for these markets with annual market analytics. The report profiles 352 companies including many key and niche players worldwide such as Antas Chemical Co., Ltd., BASF SE, Bostik ...

THE WOODLANDS, Texas, Sept. 30 /PRNewswire-FirstCall/ -- Huntsman Corporation (NYSE: HUN) today sued affiliates of Credit Suisse and Deutsche Bank (the "Banks"), lenders who had signed an agreement committing them to finance the merger of Huntsman and Hexion Specialty Chemicals, Inc. The lawsuit, filed in Montgomery County, Texas, alleges that the Banks were conspiring with Apollo Management, L.P. to interfere with Huntsman's previous merger agreement with Basell, interfere with a later Merger Agreement with Hexion and usurp for their own benefit substantial and valuable rights that belonged to Huntsman. Huntsman requested temporary and permanent injunctive relief to prevent the Banks from continuing to interfere and thwart Huntsman's rights under ...

Sovereign Bancorp (NYSE: SOV) 71.7% HIGHER; Bounces after dropping 72% yesterday on fears after the fall of Wachovia. Also, the stock was upgraded at Fox-Pitt to Outperform and at Sandler O'Neill to Hold.

Huntsman Corp. (NYSE: HUN) 60.1% HIGHER; announced the decision of the Delaware Court of Chancery to enter judgment in favor of Huntsman Corporation denying all declarations sought by Apollo Management, L.P. and Hexion Specialty Chemicals, Inc. in their suit requesting that the Chancery Court excuse Hexion from its obligation to consummate the pending transaction.

Wachovia (NYSE: WB) 56.5% HIGHER; today will be Wachovia's first full day of trading since Citigroup (NYSE: C) announced that it would acquire the bank ...