IHS Chemical Week

People & Business :: Companies

LyondellBasell Rejects Higher Offer from Reliance Industries

4:09 AM MST | January 8, 2010 | Natasha Alperowicz

Reliance Industries has increased its offer for a controlling interest in LyondellBasell, valuing the whole company at $13.5 billion compared with $12 billion in its November bid, according to press reports. Reliance would buy about $2.2 billion in new stock and back a separate $2.8 billion rights offering by Lyondell to take the company out of Chapter 11 bankruptcy. The reports say the Indian company wants a minority stake but "super-voting rights" that would give it control of LyondellBasell and enable it to implement business synergies. Reliance...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2014 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa