Axiall Rejects Revised Proposal from Westlake

ATLANTA--(BUSINESS WIRE)--Axiall Corporation (“Axiall” or the “Company”, NYSE: AXLL) today confirmed that it has received, and rejected, a revised proposal from Westlake Chemical Corporation (“Westlake”, NYSE: WLK) to acquire all of the outstanding common shares of Axiall for a consideration of $14.00 cash and 0.1967 Westlake shares per Axiall share, or approximately $23.12 per share based on the closing price of Westlake common stock on March 29, 2016 (the “Revised Proposal”).