Westlake Chemical $3.8 billion acquisition of Axiall

Overview:

• Westlake Chemical has acquired Axiall in a $3.8 billion deal.
• The transaction figure includes around $1.5 billion of debt and other liabilities assumed from Axiall.
• Both companies produce materials used in construction and industrial operations.
• Cleary Gottlieb Steen & Hamilton advised Westlake.
• Jones Day advised Axiall.
• Weil Gotshal & Manges were counsel for the Axiall board of directors.

Kurt Stumpo - Journalist - North America and the Caribbean