DSM commences tender offer for Kensey Nash

(Reuters) -- Royal DSM, the global Life Sciences and Materials Sciences company, announced that its indirect wholly-owned subsidiary, Biomedical Acquisition Corporation, has commenced its previously announced tender offer for all outstanding shares of common stock of Kensey Nash.

The Kensey Nash board of directors has unanimously determined that, among other things, the offer is fair to and in the best interests of Kensey Nash's stockholders and unanimously recommends that Kensey Nash's stockholders accept the offer and tender their shares.

The tender offer is scheduled to expire at 12:00 midnight at the end of Monday, 18 June 2012, unless the offer is extended.

Complete terms and conditions of the tender offer are set forth in the Offer to Purchase, Letter of Transmittal and other related materials that will be filed by DSM and Biomedical Acquisition Corporation on 21 May 2012.

Kensey Nash is a medical device company primarily focused on regenerative medicine utilizing its proprietary collagen and synthetic polymer technology. The company is recognized as a leader for innovative product development and unique technology in the field of resorbable biomaterials. The company has an extensive range of products, which are sold through strategic partners in multiple medical markets, including the cardiology, orthopedic, sports medicine, spine, trauma, craniomaxillofacial and general surgery markets.
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(oilandgaseurasia) -- Turkish Energy Minister Taner Yildiz has echoed the proposal of the Nabucco Consortium for downsizing the previously ambitious EU-sponsored gas transit pipeline project, Nabucco.

Turkey's energy and natural resources minister said on Friday that it would not be appropriate to say that the Nabucco project was over, as cited by The Journal of Turkish Weekly.

Taner Yildiz said the project would probably survive as "Nabucco West" - a smaller, shorter pipeline, widely thought likely to begin at the Bulgarian-Turkish border rather than in Azerbaijan.

"In the end I believe whatever the name of the project is, it is more important that it is do-able," Yildiz told an interview with the Financial Times.

Yildiz said it was more realistic to begin with the Azebaijan-Turkey route, TANAP (Azerbaijan-Turkish Trans Anatolian gas pipeline), which could be linked up with another pipeline to bring gas to other European markets.

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(goldseiten) -- Yara has agreed with Orica and Apache to form joint ventures to build a 330,000 metric tons ammonium nitrate (TAN) plant on the Burrup peninsula and distribute ammonium nitrate and other explosives products to mining customers in the Pilbara region.

"This is an important and value creating project for Yara that confirms our dedication and ambition to be among the leading suppliers of TAN globally. Together with our partners, we look forward to servicing the fast growing Pilbara iron ore market," said Jorgen Ole Haslestad, President and Chief Executive Officer of Yara.

The joint venture will be owned 45% by Yara, 45% by Orica and 10% by Apache. Construction of the plant is expected to have a capital cost of approximately USD 800 million excluding capitalized interest, and be completed by the end of 2015. Tecnicas Reunidas will be appointed as the Engineering, Procurement and Construction contractor under a fixed price, turnkey contract. Yara will manage construction and ongoing operation of the ammonium nitrate plant.

Upon commencement of construction, Orica will pay approximately USD 110 million for the 45% stake, to be split between Yara and Apache.

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(plastech) -- DuPont extends AEM performance with Vamac Ultra HT for 180°C turbo hose and air duct applications.

High performance DuPont Vamac Ultra HT ethylene acrylic elastomer helps the automotive industry solve powertrain and chassis light-weighting and efficiency challenges in turbo hoses and air ducts.

DuPont Performance Polymers (DPP) will showcase its portfolio of high performance elastomers that help automotive design engineers increase powertrain and chassis efficiency through light-weighting, turbo charging and engine downsizing leading to increased fuel economy and reduced emissions.

A highlight will be DuPont VamacUltra HT, a new grade of ethylene acrylic elastomer (AEM) that extends the Vamac Ultra family of high performance elastomers. Vamac Ultra HT offers enhanced continuous heat resistance up to 180°C, with peaks to 200°C significantly beyond the performance of standard AEM making it suitable for demanding automotive applications such as turbo hoses and air ducts.

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(chemmonitor) -- The Tokyo-headquartered Japanese polyolefin company Prime Polymer Co. Ltd. purchased a controlling block of shares in the Sao Paulo-headquartered polypropylene (PP) compounder, located in Brazil.

Prime Polymer Co. Ltd. -- a resin and compounding joint venture majority owned by Japanese conglomerate Mitsui Chemicals Inc. -- has acquired a controlling stake in a Brazilian compounder.

Tokyo-based Prime Polymer also has confirmed plans to increase compounding capacity at joint venture sites in the U.S., Mexico and China. All of the moves are in polypropylene compounding, primarily for automotive markets.

In Brazil, Prime Polymer has purchased a 70 percent stake in Produmaster Industria e Comercio Ltda. for an undisclosed price. Produmaster is based in Sao Paulo and operates a total of 120 million pounds of PP compounding capacity at sites in Sao Paulo and Camacari.

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