Jan 29 (Reuters) - Westlake Chemical Corp WLK.N said
chemical and building products maker Axiall Corp AXLL.N had
rejected its $1.4 billion cash-and-stock offer.
Westlake offered $11 in cash and 0.1967 of its stock for
each Axiall share, which works out to $20 per share, based on
Westlake's Thursday close.
The offer represents a premium of more than 100 percent to
Axiall's last close of $9.80.