Apr. 01, 2010News & Opinions
Lyondell Chemical has reached a settlement worth about $250 million with the U.S. and various state governments to resolve a slew of environmental claims and liabilities, and is seeking court approval of the deal.
Mar. 31, 2010News & Opinions
Lyondell Chemical has sought court approval of a settlement agreement to resolve multiple environmental claims and liabilities asserted by the U.S. and various state governments.
Mar. 23, 2010News & Opinions
Lyondellbasell has named Bhavesh V. (Bob) Patel has been named senior vice president, Olefins and Polyolefins - Americas. He will be based in Houston, TX.
Mar. 15, 2010News & Opinions
LyondellBasell said late on Thursday its unit Lyondell Chemical plans to raise $3.25 billion in debt, including a senior secured note issue, as the chemical company charts its course out of bankruptcy.
Mar. 12, 2010News & Opinions
LyondellBasell on Thursday won court approval for a $450 million settlement to resolve litigation with creditors over its 2007 leveraged buyout, and pave the way for the big chemical company to emerge from bankruptcy.
Mar. 11, 2010News & Opinions
Billionaire Len Blavatnik, who led the 2007 leveraged buyout that created LyondellBasell , will seek a stake of up to 15% in the reorganized petrochemical maker when it exits bankruptcy protection, a person familiar with the matter said on ...
Mar. 09, 2010News & Opinions
LyondellBasell filed a restructuring plan on Monday, rejecting a takeover bid from India's Reliance Industries that valued the bankrupt petrochemicals firm at $14.5 billion.
Mar. 08, 2010News & Opinions
An offer from Indian energy major Reliance Industries was not sufficiently valuable to LyondellBasell to abandon its reorganisation plan, Lyondell said in a court filing on Monday.
Mar. 04, 2010News & Opinions
India's Reliance Industries does not plan to raise its bid for bankrupt petrochemicals maker LyondellBasell, a source familiar with the matter said on Wednesday.
Mar. 02, 2010News & Opinions
Bankrupt petrochemicals firm LyondellBasell has rejected a bid by Indian energy major Reliance Industries, Bloomberg reported, citing two people briefed on the matter.
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