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Comment: Westlake, Georgia Gulf would tighten PVC sector, but antitrust concerns may be light

By Dan Greenlee ( January 25, 2012, 14:52 GMT | Comment) -- A merger in the PVC sector, combining Georgia Gulf and Westlake Chemical, may transpire despite Georgia’s rejection last week of Westlake’s $1 billion bid. Such a deal would create the second largest PVC maker in the U.S. and Canada. Factors including the low market shares of both companies and potential efficiency gains make regulatory approval likely.Washington – Last week chemical maker Georgia Gulf rejected a $1 billion bid from Westlake Chemical, saying the offer undervalued the company. But a deal is still likely to transpire. This would create the second largest polyvinyl chloride (PVC) maker in the U.S. and Canada. But factors including the low market shares of both companies, as well as potential efficiency gains, make regulatory approval likely....

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