Oil and petrochemical companies are seeking strategies to remain competitive as their cash flows continue to take direct hits due to depressed oil prices. This is resulting in significant restructurin..
Oil and petrochemical companies are seeking strategies to remain competitive as their cash flows continue to take direct hits due to depressed oil prices. This is resulting in significant restructuring and simplifying of balance sheets to curb the negative impacts of market turbulence, and that, in turn, creates a ripe environment for mergers and acquisitions (M&A).
A. T. Kearney, a leading global management consulting firm, predicts that the global chemicals industry will witness increased M&A during 2015, according to the firm’s Chemicals Executive M&A Review. About 60% of executives surveyed see rising M&A activity in 2015, with deal values in the chemical industry having spiked 13%
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