Monday, January 11, 2010

RIL increases bid for LyondellBasell to US$13.5 bln from US$12 bln

Reliance Industries Ltd has increased its bid to acquire LyondellBasell to US$13.5 bln from the earlier offer of US$12 bln. In the proposed offer, RIL will acquire US$2.2 bln in new stock and support a separate US$2.

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