MUMBAI, March 8 (BestGrowthStock) – An offer from Indian energy
major Reliance Industries (RELI.BO: ) was not sufficiently
valuable to LyondellBasell [ACCEIN.UL] to abandon its
reorganisation plan, Lyondell said in a court filing on Monday.
Reliance, India’s largest-listed firm and controlled by
billionaire Mukesh Ambani, has been looking to take over the
Luxembourg-headquartered bankrupt petrochemicals firm with an
offer that valued the target at about $14.5 billion.
Stock Market Today
(Reporting by Pratish Narayanan; Editing by Ranjit
Gangadharan)
Reliance offer not sufficiently valuable -Lyondell
