Nomura Securities Remains Sidelined as Westlake Chemical (WLK) Agrees to Acquire Axiall
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July 28, 2016 4:16 PM EDT
HOUSTON, July 28, 2016 /PRNewswire/ -- Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership of $9.3 million, or $0.34 per limited partner unit, for the three months ended June 30, 2016, a decrease of $1.1 million compared to second quarter 2015 net income attributable to the Partnership of $10.4 million, or $0.39 per limited partner unit. The decrease in net income attributable to the Partnership as compared to the prior year period was primarily due to lower operating rates at Westlake Chemical OpCo LP's ("OpCo") Petro 1 facility in Lake Charles, Louisiana due to... More
July 28, 2016 4:15 PM EDT
Entered into a definitive agreement in June to acquire Axiall
Corporation, a leading North American manufacturer and international
marketer of integrated chlorovinyls and vinyl-based building and home
improvement products
Cash flow from operations of $369.9 million for the first six months
of 2016
HOUSTON--(BUSINESS WIRE)--
Westlake Chemical Corporation (NYSE: WLK) today reported net income for
the three months ended June 30, 2016 of $111.1 million, or $0.85 per
diluted share, on net sales of $1,086.1 million. This represents a
decrease in net income of $94.0 million, or $0.69 per diluted share,... More
July 28, 2016 6:45 AM EDT
HOUSTON, July 28, 2016 /PRNewswire/ --Â The Board of Directors of Westlake Chemical Partners GP LLC (the "Company"), the general partner of Westlake Chemical Partners LP (the "Partnership"), a Westlake company (NYSE: WLKP) declared on Wednesday, July 27, 2016, a distribution of $0.3259 per unit, representing a 2.87% increase from the first quarter distribution. This is the eighth distribution... More
