Reliance may not raise offer for Lyondell, source says

01/20/2010 | Wall Street Journal, The

India-based Reliance Industries might not raise its bid to acquire a controlling interest in bankrupt chemical maker LyondellBasell Industries, according to a source close to the negotiations. "The $15 billion-$16 billion price tag is too high, and it will not remain viable at that price," the source said.

View Full Article in:

Wall Street Journal, The

Published in Brief: