(Reuters) - Last week, a unit of Access Industries, which owns Basell
and is run by billionaire Leonard Blavatnik, bought the right
to acquire a stake of more than 8 percent in Lyondell and said
in a regulatory filing that it might increase its holding from
there and possibly merge the company with Basell.
At the same time, Basell was one of several players looking
to buy GE Plastics, sources have said. GE put it up for sale
earlier this year and it was expected to sell for at least $10
billion.
Read more at Reuters.com Mergers News
and is run by billionaire Leonard Blavatnik, bought the right
to acquire a stake of more than 8 percent in Lyondell and said
in a regulatory filing that it might increase its holding from
there and possibly merge the company with Basell.
At the same time, Basell was one of several players looking
to buy GE Plastics, sources have said. GE put it up for sale
earlier this year and it was expected to sell for at least $10
billion.
Read more at Reuters.com Mergers News
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