LyondellBasell court hearing deferred to 12 Jan

Yesterday’s crucial court hearing to determine whether LyondellBasell would have until 6 September 2010 to solicit votes for its reorganization plan has been adjourned to 12 January.
It means some more waiting for Reliance Industries which is said to be seeking greater clarity from the court before it decides on a final bid for LyondellBasell.
A LyondellBasell’s spokesman said that the company wants the 6 September deadline to get maximum time to solicit votes.


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