IHS Chemical Week

Regions :: Western Europe

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.



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