Nippon Shokubai delays merger with Sanyo Chemical due to COVID-19

Nippon Shokubai delayed its merger with Sanyo Chemical, originally planned for October 2020, to April 2021 due to uncertainty from the COVID-19 pandemic and oil market decline.

“The companies say the 'recent global outbreak of COVID-19 and the sharp decline in the oil and oil product markets' has caused too much uncertainty to complete the transaction right away.”everchem.com

• 1 source
• everchem.comChemical M&A Stalls - Everchem Specialty ChemicalsAlexander H. TulloApr 20, 2020

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