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The rally was led by chemicals maker Linde, on rumors that Dow Chemical will make a takeover offer.
Another German major player, chemicals maker BASF, also had bad news.
Her father is a quality control manager in Charlotte for BASF, the German chemicals maker.
Momentive Performance Materials, a specialty chemicals maker, included the provision in a $635 million offering.
The specialty chemicals maker Hercules Inc. said yesterday that it had cut its quarterly dividend 70percenttoto save money.
Two years ago, Sinochem, a Chinese chemicals maker, backed away from buying the Potash Corporation of Saskatchewan for similar reasons.
Moody's Investors Service lowered the long- and short-term credit ratings of Bayer, the drug and chemicals maker.
In recent years, Cinven has also bought stakes in a movie theater chain and a specialty chemicals maker and has sold Britain's biggest private hospital operator.
The specialty chemicals maker Rohm & Haas said yesterday that it would sell two businesses it acquired in 1999 with the purchase of Morton International.
He has had chemical industry jobs for 20 years, including years with a specialty chemicals maker that sells to plastics manufacturers.
Ashland said on Friday that it would buy the specialty chemicals maker Hercules in a $2.6 billion cash-and-stock deal that also includes a hefty debt load.
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