TITLE

A cool $19bn is a good deal

AUTHOR(S)
Davis, Nigel
PUB. DATE
July 2007
SOURCE
ICIS Chemical Business;7/23/2007, Vol. 272 Issue 4, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on acquisition of Lyondell Chemical Co. by Basell Corp. It reports on advantages enjoyed by Basell after acquisition by paying a premium of $19 billion. It provides Basell with upstream integration in the U.S. and new polyethylene (PE) production capacity. An overview of Basell coming at top slot in polypropylene (PP), high density polyethylene (HDPE) and low density polyethylene (LDPE) is given. The merger is seen as a big power in financial growth and business integration.
ACCESSION #
27020925

 

Related Articles

  • Lyondell takes on Millennium.  // Process Engineering;Jan2005, Vol. 86 Issue 1, p5 

    Reports on the acquisition of Lyondell Chemical Co. by Millenium Chemicals Inc. Terms under the deal; Benefits of the acquisition for both companies; Significance of the deal for the chemical industry.

  • BLAVATNIK'S NEXT BUY?  // ICIS Chemical Business;7/2/2007, Vol. 2 Issue 73, p10 

    The article speculates whether Len Blavatnik, owner of Basell Corp., will acquire Lyondell Chemical Co. After missing an opportunity to acquire GE Plastics, Blavatnik is believed to have set his eyes on Lyondell's acquisition. It is reported that Lyondell shares fell on the news that Huntsman,...

  • M&A in the Middle? Westervelt, Roberts // Chemical Week;11/7/2007, Vol. 169 Issue 36, p3 

    The author looks at the merger and acquisition (M&A) activity in the chemical industry. He states that M&A activity has slowed in the chemical market due to a credit crunch and the reluctance by banks to fund further big deals. He cites the planned acquisition of Lyondell Chemical by Basell, as...

  • Basell and Lyondell to Take New Name After Merger. Phillips, Kate // Chemical Week;11/7/2007, Vol. 169 Issue 36, p7 

    The article focuses on the proposed merger of Basell and Lyondell Chemical. Basell and Lyondell Chemical will be renamed LyondellBasell Industries, following completion of their proposed merger. Basell agreed to acquire Lyondell in July 2007 for $12.7 billion in an all-cash transaction. The deal...

  • Lyondell Case Is Market's "Days Of Our Lives". Kellerhals, Richard // High Yield Report;3/16/2009, Vol. 20 Issue 11, p18 

    The article deals with a call to investigate the December 2007 merger between Lyondell and Basell. On March 10, 2009, a committee of unsecured creditors stated that the merger gave Lyondell a massive debt load, which resulted to bankruptcy. Meanwhile, ConocoPhillips issued an appeal to a...

  • newsbriefs.  // Chemical Week;1/7/2008, Vol. 170 Issue 1, p4 

    This section offers world news briefs on the chemical industry. Basell completed its acquisition of Lyondell Chemical and will rename the combined company, LyondellBasell Industries. State-owned oil company Ecopetrol agreed to purchase Propilco, the largest producer of polypropylene (PP) resins...

  • LEN BLAVATNIK. Chang, Joe // ICIS Chemical Business;12/3/2007, Vol. 272 Issue 21, p13 

    The article offers information on the business strategies of Len Blavatnik, founder of Access Industries Inc., in expanding its sales and services worldwide. Blavatnik acquired Lyondell Chemical Co. for $19 billion and bought the European polyolefins giant Basell Corp. in 2005. The acquisition...

  • Basell to acquire Solvay Engineered Polymers.  // Popular Plastics & Packaging;Jan2008, Vol. 53 Issue 1, p57 

    The article reports on the acquisition by Basell, a leader in advanced polyolefins, of Solvay Engineered Polymers Inc. (SEP). According to Basell president Paul Yeates, the deal will complement the company's existing Polymer-based Composite Materials and Alloys business in North America....

  • Lyondell's big deal. WOOD, ANDREW // Chemical Week;1/13/1999, Vol. 161 Issue 2, p19 

    Features Lyondell Chemical which has grown from a regional refiner and merchant olefins producer into an integrated global petrochemical company through a series of acquisitions and joint ventures. Total sales per year; Chemicals that Lyondell produces; Information on the company.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics