05052016Thu
Last updateWed, 04 May 2016 7pm

i

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

BUYERS GUIDE 300x220
Advertisement

VIDEO

  • Latest Post

  • Popular

  • Links

  • Events

New Products