On August 31, 2015, Danaher completed the merger of Pentagon Merger Sub, Inc., a New York corporation and an indirect wholly owned subsidiary of Danaher, into Pall and, as a result, Pall has become an indirect wholly owned subsidiary of Danaher. In the merger, each outstanding share of Pall common stock was cancelled and (except for shares held by Danaher, Pentagon, Pall and their respective subsidiaries) converted into the right to receive $127.20 per share in cash, without interest.
Pall’s common stock will cease to be traded on the New York Stock Exchange. Detailed instructions will be sent to former Pall shareholders outlining the steps to be taken to obtain the merger consideration of $127.20 per share in cash, without interest.
Neste and BCG have signed a new agreement for the purchase of Neste MY Sustainable Aviation Fuel™, to be delivered to SAS and Finnair, covering the volume of all the flights with these carriers taken by BCG employees in the Nordics. Through this new partnership, BCG expects to significantly reduce greenhouse gas emissions on flights with these airlines.
South Korean firms Hanwha Compound and SPC Pack plan to jointly develop eco-friendly biodegradable plastic materials based on poly lactic acid (PLA).
Borealis Group has signed an agreement with Renasci Oostende Recycling to acquire the entire chemically recycled feedstock output from its high-tech recycling center in Oostende, Belgium. This agreement will enable Borealis to become one of the leading global suppliers of chemically recycled base chemicals and polyolefins.