ExxonMobil to acquire Solutia's share of AES. (Acquisition, Expansions).ExxonMobil Exxon Mobil Corporation or ExxonMobil (NYSE: XOM), a multi-national American corporation and a direct descendant of John D. Rockefeller's Standard Oil company[2] Chemical, Houston Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; , TX, announced plans to become the owner of Advanced Elastomer elastomer (ĭlăs`təmər), substance having to some extent the elastic properties of natural rubber. The term is sometimes used technically to distinguish synthetic rubbers and rubberlike plastics from natural rubber. Systems (AES) by acquiring Solutia's 50% interest in AES. ExxonMobil Chemical and Solutia have signed a binding contract for this acquisition subject to government reviews. Timing of the sale and terms of the agreement were not disclosed. AES, formed in 1991, is a limited partnership between ExxonMobil Chemical and Solutia (formerly Monsanto The Monsanto Company (NYSE: MON) is a multinational agricultural biotechnology corporation. It is the world's leading producer of the herbicide glyphosate, marketed as "Roundup". ). Headquartered in Akron, OH, AES has annual sales of approximately $300 million and employs 700 people worldwide. |
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