Lyondell plans to shake up company
China Daily | Updated: 2009-12-16 07:56
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The entrance to Lyondell Chemical Co's Bayport Choate plant in Pasadena, Texas. The firm plans to reorganize by repaying its $8 billion bankruptcy loan in full. Bloomberg News |
NEW YORK: Lyondell Chemical Co filed a plan to reorganize even as it evaluates an offer from Reliance Industries Ltd, pitting India's biggest company against lenders in a battle for the bankrupt chemical maker.
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