July 2007
ICIS Chemical Business;7/30/2007, Vol. 272 Issue 5, p33
Trade Publication
The article comments on current merger and acquisition deals in the chemical industry. Values of the deals, as stated, are currently high and have opened up new opportunities for sellers. Basell's owner Len Blavatnik is estimated to be paying $19 billion, 11 times normalized earnings before interest, tax, depreciation and amortization (EBITDA), for Lyondell Chemical Co. It is suggested that chemical companies should capitalize on current market conditions.


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