Basell to Buy Lyondell Chemical for $12.7 Billion

17:09 PM | July 25, 2007 | Peck Hwee Sim and Kerri Walsh

Basell has agreed to acquire Lyondell Chemical for $12.7 billion in an all-cash transaction. Basell says it has offered Lyondell $48/share, a 20% premium to Lyondell’s July 16 closing share price. The...