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Started By
Message
re: Rumor. Sasol US around LC to be acquired by Westlake Chemical.
Posted on 4/2/25 at 2:52 pm to Effthatnoise
Posted on 4/2/25 at 2:52 pm to Effthatnoise
Give Todd a call. He likely participated in the meetings.
2
Posted on 4/3/25 at 6:28 am to CharleyLake
Sasol is getting out of the phenolics business and closing or selling the Winnie and Houston facilities.
Announced Tuesday from what i understood.
Still awaiting news on the WLK front.
Announced Tuesday from what i understood.
Still awaiting news on the WLK front.
Posted on 4/3/25 at 7:31 am to Effthatnoise
My boss says given the cash position we maintain we evaluate M&A deals constantly.
Posted on 4/3/25 at 7:46 am to Larry Gooseman
I’d like to pick his brain for any profound insights he may have about synergies.
Posted on 4/3/25 at 7:51 am to lsuconnman
We’re in IT. So integrating systems always a cluster on transactions
Posted on 4/3/25 at 9:45 am to Larry Gooseman
Rough time to take a flyer on a company when the whole market is going wild!
Posted on 4/3/25 at 12:05 pm to CharleyLake
quote:
Give Todd a call.
I spoke with Jeff this morning. He said things are spiraling out of control.
Posted on 4/3/25 at 10:01 pm to thejudge
I had heard Lyondell was trying to sell the Westlake that Sasol built and sold them…
Editing because even I can’t read whatever the frick this says…
I had heard that lyondell was trying to sell the new ethylene site in Westlake, LA they had bought from Sasol. Maybe Westlake Chemical is interested in that?
Editing because even I can’t read whatever the frick this says…
I had heard that lyondell was trying to sell the new ethylene site in Westlake, LA they had bought from Sasol. Maybe Westlake Chemical is interested in that?
This post was edited on 4/4/25 at 10:03 am
Posted on 4/4/25 at 4:13 pm to Stexas
Do you think that the meetings were called off because all of the managers were watching their portfolios?
Posted on 4/4/25 at 4:17 pm to CharleyLake
Prolly got spooked by Money Talk chatter.
Posted on 4/4/25 at 4:30 pm to lsuconnman
Certainly reasonable to believe that.
Posted on 4/4/25 at 8:32 pm to CharleyLake
Got some feedback from 3 different people that were NOT in the meeting but heard from others that were.
Basically a rah rah morale booster “Sasol is not for sell” type meeting. Felt like a trying to stop the bleeding attempt(lost a lot of people the last 6 months).
Do with the above rumors as you wish.
I don’t know what to believe on this one but as an earlier poster said the option volume is nothing and combined with the bad timing of the market makes this a wait and see for me.
Basically a rah rah morale booster “Sasol is not for sell” type meeting. Felt like a trying to stop the bleeding attempt(lost a lot of people the last 6 months).
Do with the above rumors as you wish.
I don’t know what to believe on this one but as an earlier poster said the option volume is nothing and combined with the bad timing of the market makes this a wait and see for me.
Posted on 4/4/25 at 9:03 pm to Effthatnoise
Corporate speak is entertaining. But, I get hooked as soon as it turns into preservationist double talk.
quote:
My boss says given the cash position we maintain we evaluate M&A deals constantly.
quote:
“Sasol is not for sell”
Posted on 4/5/25 at 8:18 am to lsuconnman
Let's review what happened a few years ago when Westlake Chemical acquired Axiall its rival in the chemical industry.
They had merger meetings. Axiall said that they were "not for sale" and one or two offers were rejected.
Upon my recollection, Westlake CEO Albert Chao stated that the Axiall BOD should be replaced because that the unwillingness to discuss the merger resulted in uncertainty and significant risk to their shareholders. Chao said that Westlake can make a cheaper and better joint of plastic pipe.
He or or one of his family members was quoted "we buy brick by brick."
Our crystal ball should be becoming clear on this matter.
They had merger meetings. Axiall said that they were "not for sale" and one or two offers were rejected.
Upon my recollection, Westlake CEO Albert Chao stated that the Axiall BOD should be replaced because that the unwillingness to discuss the merger resulted in uncertainty and significant risk to their shareholders. Chao said that Westlake can make a cheaper and better joint of plastic pipe.
He or or one of his family members was quoted "we buy brick by brick."
Our crystal ball should be becoming clear on this matter.
Posted on 4/7/25 at 1:16 pm to Effthatnoise
Heard any more regarding this rumor?
Posted on 4/7/25 at 7:17 pm to Naked Bootleg
Heard within our org this is an unfounded rumor
Posted on 4/10/25 at 12:32 pm to thejudge
quote:
thejudge
quote:
Word on the street announcement could come Tuesday.
quote:
Might be a good short term investment.
Posted on 4/10/25 at 1:29 pm to thejudge
Maybe there was some confusion and it was just bankruptcy liquidators kicking the tires?
Posted on 4/10/25 at 7:00 pm to Larry Gooseman
quote:
We’re in IT. So integrating systems always a cluster on transactions
I was in IT at Ga Gulf when y’all bought us out. Suffer!
Posted on 5/21/25 at 9:38 am to Larry Gooseman
Stock is now up higher than it was April 1st. Reinstating dividend.
Now would be a good time to drop some buyout news. Blow the roof off this baby!
Now would be a good time to drop some buyout news. Blow the roof off this baby!
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