Lyondell Basell India-based Reliance is continuing to try to purchase the bankrupt chemical giant. The offer, initally tendered in November, stands at $13.5b. The Dutch-based Lyondell is continuing to work through its Chapter 11 reorganization, and recently filed a motion for settling claims of creditors and setting up a litigation trust fund. Bridgepoint Education-Ashford...
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In business sector, India’s largest company, Reliant Industries continues its interest in acquiring the North American assets of LyondellBasell. The petrochemical giant floundered into debt-induced Chapter 11 bankruptcy last January. Although no public pronnouncement has been made wth regardst to the size of the offer, industry sources say it probably ranges between $3 and...
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