TITLE

Flint Hills Resources to acquire PetroLogistics for $2.1 billion

AUTHOR(S)
ALPEROWICZ, NATASHA; WESTERVELT, ROBERT
PUB. DATE
June 2014
SOURCE
Chemical Week;6/2/2014, Vol. 176 Issue 15, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on independent refining company Flint Hill Resources' deal to acquire propylene maker PetroLogistics for 2.1 billion dollars. Topics discussed include Flint Hills' purchase of all of PetroLogistics' outstanding common units for 14.00 dollars per unit except for those owned by the company's four largest shareholders, Flint Hills' polypropylene plants in Texas and Michigan, and the multiyear propylene supply contracts between Petrologistics and BASF.
ACCESSION #
96353869

 

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