US Lyondell shareholders to vote on Basell merger

25 September 2007 17:17  [Source: ICIS news]

HOUSTON (ICIS news)--Shareholders of US Lyondell Chemical will meet on 20 November to vote on a $19bn (€13bn) merger with Basell, the company said on Tuesday.

The meeting will start at 9 a.m. Houston time (1400 GMT).

Basell had announced its plans to buy Lyondell on 17 July.

The acquisition will create the number one global player in polypropylene (PP) and high-density and low-density polyethylene (PE), industry analysts have said.

($1= €0.71)

By: Al Greenwood
+1 713 525 2645

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly