Reliance Industries has raised its bid for LyondellBasell to around US$15 bln from an earlier offer of US$13.5 bln, on February 19, the deadline for RIL to submit its revised proposal. In a bid to makke the revised offer more lucrative, RIL is reported to have also included stock and cash options for shareholders and creditors in its offer.
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Monday, February 22, 2010
Reliance raises bid for LyondellBasell by US$1.5 billion
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