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Robbins Arroyo LLP: Rejected Acquisition of Axiall Corporation (AXLL) by Westlake Chemical Corporation (WLK) May Not Be in Shareholders' Best Interests

SAN DIEGO & ATLANTA--(BUSINESS WIRE)--Shareholder rights attorneys at Robbins Arroyo LLP are investigating the rejected acquisition of Axiall Corporation (NYSE: AXLL) by Westlake Chemical Corporation (NYSE: WLK). On January 29, 2016, Axiall announced the rejection of an unsolicited proposal pursuant to which Westlake Chemical would acquire Axiall. Under the terms of the proposal, Axiall shareholders would receive $20.00 for each share of Axiall common stock, comprised of $11.00 in cash and 0.1967 of a Westlake Chemical share.