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Axiall rejects $1.4 billion takeover bid from Westlake

NEW YORK— Axiall confirmed Friday that it rejected a $1.4 billion buyout from rival Westlake Chemical, saying the deal undervalued the maker of building materials and chemicals. Westlake had said Friday when it publicly announced the offer that it was disappointed by Axiall's rejection. Westlake offered a mix of stock and cash worth about $20 for each share of...
Source: The Associated Press