LyondellBasell Exploring Options, Including Bankruptcy
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LyondellBasell, the third-largest independent chemical company, said it is exploring all options, including bankruptcy protection as it struggles to handle its massive debt.
LyondellBasell is privately held, formed from the 2007 takeover of Houston-based Lyondell Chemical by Dutch chemical company Basell International for $12.7 billion.
A spokeswoman for LyondellBasell told AP, "We are looking to restructure our debt, and we are looking at all of our options... filing for Chapter 11 protection is one of those options."
Related stocks:
Dow Chemical Co. (NYSE: DOW), Rohm & Haas Co. (NYSE: ROH) Huntsman Corp. (NYSE: HUN), DuPont (NYSE: DD)
LyondellBasell is privately held, formed from the 2007 takeover of Houston-based Lyondell Chemical by Dutch chemical company Basell International for $12.7 billion.
A spokeswoman for LyondellBasell told AP, "We are looking to restructure our debt, and we are looking at all of our options... filing for Chapter 11 protection is one of those options."
Related stocks:
Dow Chemical Co. (NYSE: DOW), Rohm & Haas Co. (NYSE: ROH) Huntsman Corp. (NYSE: HUN), DuPont (NYSE: DD)
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