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World News and Views :: Top of the News

July 25, 2007

Basell to Buy Lyondell Chemical for $12.7 Billion

Peck Hwee Sim and Kerri Walsh

Basell has agreed to acquire Lyondell Chemical for $12.7 billion in an all-cash transaction. Basell says it has offered Lyondell $48/share, a 20% premium to Lyondell’s July 16 closing share price. The total value of the deal including debt is about...

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