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

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

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Details: Published on Monday, 08 March 2010 22:31

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

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Valve Magazine Digital Edition

Inside the Spring 2013 issue…

• Valves in the World of Water
• The Breadth of Plastic Valves
• Aerodynamic Noise
• Manual Actuation

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