Westlake Chemical Corporation (NYSE:WLK) signed an exclusivity agreement to acquire NAKAN from OpenGate Capital, LLC for approximately $270 million on September 25, 2018. Under the terms, Westlake will pay approximately $265 million in cash, subject to adjustment. Post acquisition, the NAKAN team will join Westlake. The transaction is subject to receipt of regulatory approvals, completion of required employee consultation procedures, other customary closing conditions and is expected to close by early 2019. Westlake Chemical Corporation (NYSE:WLK) completed the acquisition of NAKAN from OpenGate Capital, LLC on January 2, 2019.