Chevron Phillips Chemical bids over $15B for Nova Chemicals, sources say

Chevron Phillips Chemical has offered to acquire Nova Chemicals for more than $15 billion including debt, according to people familiar with the matter. Nova makes expandable polystyrene and resins.

“Chevron Phillips Chemical Company, a joint venture between Chevron Corp and Phillips 66, has offered to acquire Nova Chemicals Corp for more than $15 billion including debt.”reuters.com

• 2 sources
• reuters.comExclusive: Chevron Phillips Chemical in bid to acquire Nova Chemicals - sources | ReutersGreg Roumeliotis, Harry BrumptonJun 21, 2019
• woodmac.comChevron Phillips Chemical in $15 billion bid to acquire Nova Chemicals | Wood MackenzieJun 21, 2019

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