Westlake Chemical / Axiall Deal Receives Regulatory Approval

Westlake Chemical Corporation, August 22, 2016

Westlake Chemical has received all required regulatory approvals for its previously announced $3.8 billion acquisition of Axiall Corporation, including clearance from both the U.S. and Canadian competition authorities. On August 1, 2016, Axiall filed a definitive proxy statement with the United States Securities and Exchange Commission to notify Axiall's shareholders of a special meeting to be held on August 30, 2016 to vote on the transaction. Assuming Axiall's shareholders approve the transaction at that meeting, the closing is expected to occur on August 31, 2016.

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