Sat05232015

Last updateFri, 22 May 2015 10am

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

New Products

 

Valve Magazine Digital Edition

15 SPR CVRInside the Spring 2015 issue…

• Heavy Oil
• 3D Printing Gains Momentum
• Restoring Power After Sandy
• What is a Surplus Valve?

CLICK HERE TO REQUEST YOUR
DIGITAL EDITION PREVIEW EMAIL