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Westlake Abandons $1.2 Billion Bid for Georgia Gulf

The decision follows acquisition talks with Georgia Gulf's management that had been aimed at creating one of the largest producers of building materials like olefins and vinyls.
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By David White: Westlake Chemical Corp. (WLK) makes and sells olefins and vinyls. Many of its products can be produced from NGLs such as ethane, propane, butane, etc. In the Olefins segment of its business it is easy to see how etha...

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A merger of the two companies would create one of the largest manufacturers of olefins, vinyls and other materials used in construction and other industries.

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