More
and more, it seems like long-term success in chemicals and specialty
materials is all about keeping an open mind toward reinvention.
DuPont
(NYSE:DD),
for instance, is far removed from its legacy in products like
gunpowder and nylon, and currently looks to advanced seed traits and
nutrition as important growth markets. Likewise, DSM
has moved on from coal, fertilizer and petrochemicals into areas like
nutrition and biofuels.
DuPont's German cousin BASF (OTC:BASFY) is following in this path, announcing on Wednesday that it had reached an agreement to acquire Norwegian fish oil specialist Pronova for 12.50 Norwegian kroner, or about $845 million in enterprise value.
DuPont's German cousin BASF (OTC:BASFY) is following in this path, announcing on Wednesday that it had reached an agreement to acquire Norwegian fish oil specialist Pronova for 12.50 Norwegian kroner, or about $845 million in enterprise value.
Please continue to Investopedia for the full article:
http://www.investopedia.com/
No comments:
Post a Comment