Thursday, November 01, 2007

Basell AF and Lyondell Chemical

The acquisition of Lyondell by Basell has been completed, and the new company name will be LyondellBasell Industries. Lyondell's shareholders will vote Nov. 20 on Basell's US$48 a share offer. Including the assumption of debt, the offer has an enterprise value of US$19 bln.

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