IHS Chemical Week

People & Business :: Companies

LyondellBasell Rejects Higher Offer from Reliance Industries

3:35 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.


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

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.


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

ihsCopyright © 2015 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