A cool $19bn is a good deal

Davis, Nigel
July 2007
ICIS Chemical Business;7/23/2007, Vol. 272 Issue 4, p10
Trade Publication
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.


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