Valve Magazine

Wed04232014

Last updateWed, 23 Apr 2014 4pm

Back You are here: Home Web Only Industry Headlines End-User News Reliance Doesn't Plan To Raise Bid for Lyondell-Source

Web Only

Reliance Doesn't Plan To Raise Bid for Lyondell-Source

India's Reliance Industries Ltd. doesn't plan to raise its bid again to take control of petrochemicals maker LyondellBasell Industries, when it exits bankruptcy, a person close to the deal told Dow Jones Newswires, saying market conditions didn't justify that.

Bloomberg News reported Tuesday that the board of Rotterdam-based LyondellBasell rejected a $14.5 billion bid from Reliance, citing two people aware of the deal.

Source: Dow Jones

View Full Article

Sponsored Products

 

Valve Magazine Digital Edition

SPR14 CVR 160x214Inside the Spring 2014 issue…

• Tank Cars
• DBBS & DIBS
• Shale Gas
• New Globe Standard

CLICK HERE TO REQUEST YOUR
DIGITAL EDITION PREVIEW EMAIL