in this issue
Chemical Week Magazine :: Newsbriefs
LyondellBasell plans share repurchase, Apollo culls stake again
7:10 AM MST | February 15, 2013
LyondellBasell Industries (Rotterdam) says it will ask shareholders to approve the repurchase of up to 10% of outstanding shares over a period of 18 months. Under Dutch law, companies must receive shareholder approval to repurchase shares. Separately, private equity firm Apollo Management has priced a public offering of 25 million shares in LyondellBasell at $61.50/share. The sale by Apollo will be the fourth block of LyondellBasell shares it has sold since last September. Apollo sold 17.5 million shares in September at $46.94/share; 20 million shares at...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee