Back from a work and Thanksgiving-induced hiatus. Pretty slow couple of weeks for large firms with a local presence.
India’s Reliance Industries has tendered a non-binding offer for LyondellBasell. Details were not disclosed but sources cited by CBS News Marketwatch say it is in the neighborhood of $12 billion. Rumors has been circulating that US-based private equity firm TPG and Chinese chemical giant Sinopec had been mulling a joint offer but they were denied by officials from both companies last week.
There is a good profile of the for-profit education market in Fast Company this week.
