in this issue
Chemical Week Magazine :: Newsbriefs
LyondellBasell Added to S&P 500
8:57 AM MDT | September 14, 2012
LyondellBasellâ€™s largest shareholder, private equity firm Apollo Management, is selling 17.5 million new shares of common stock in conjunction with the companyâ€™s listing on the S&P 500, which was announced on August 30. The new shares, priced at $46.94/share, will â€śsatisfy a portion of the index-based demand for the companyâ€™s ordinary shares as a result of the inclusion,â€ť LyondellBasell says. The sale will decrease Apolloâ€™s stake in the company to 27.4%, and raise proceeds of $821.3 million. Before the sale, Apollo owned 29.8% of LyondellBasell...
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: