Tuesday, July 17, 2007

Basell to buy Lyondell for about $12.14 billion

(Reuters) - The deal value of $12.14 billion is based on Lyondell's shares outstanding as of March 31.




Basell has been on the look out for acquisitions in the chemical sector and recently lost out to Saudi-based SABIC in the auction process for General Electric Co.'s GE Plastics.


Read more at Reuters.com Bonds News

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