11 hours ago
Methanex set to close OCI Global methanol deal on June 27
Methanex Corporation (TSX:MX) (Nasdaq:MEOH) announced that the regulatory review period under the U.S. Hart-Scott-Rodino Antitrust Act has lapsed. Accordingly, all regulatory approvals required for Methanex to close its previously announced acquisition of OCI Global's international methanol business have been obtained. The transaction is expected to close on June 27, 2025, and remains subject to the satisfaction of customary closing conditions.
Methanex has obtained all necessary regulatory approvals, including under the US Hart-Scott-Rodino Act, to proceed with its acquisition of OCI Global's international methanol business. The transaction is expected to close on June 27, 2025, subject to customary closing conditions. Methanex plans rapid integration to unlock strategic value and welcomes new team members to the company.
"We are pleased to have received regulatory clearance and look forward to closing the transaction and welcoming new team members to Methanex." said Rich Sumner, President and CEO of Methanex. "Given our extensive integration planning, we expect to move quickly upon closing to deliver the strategic benefits of this acquisition."
Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol 'MX' and on the Nasdaq Stock Market in the United States under the trading symbol 'MEOH'. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (HU)
