Reliance eyes Lyondell takeover to boost overseas expansion

11/22/2009 | Wall Street Journal, The · NYTimes.com · Bloomberg

India's Reliance Industries has made an all-cash offer to buy the assets of bankrupt chemicals manufacturer LyondellBasell. The acquisition is expected to expand Reliance's distribution network in the U.S. and European markets. Reliance's bid remains undisclosed, but an analyst said it "could be in the range of $10 billion to $12 billion."

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Wall Street Journal, The · NYTimes.com · Bloomberg

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