Market Overview

LyondellBasell Selling Holders Price Shares

Share:
Related LYB
What Steven Cohen Is Doing With His Personal Wealth
Citigroup Moves To The Sidelines With LyondellBasell Downgrade
U.S. refiners, striking workers dig in for long battle (Seeking Alpha)

LyondellBasell (NYSE: LYB) today announced the pricing of an underwritten public offering of 25 million ordinary shares by certain selling shareholders that are affiliates of Apollo Management Holdings L.P. The offering is expected to close Feb. 19, 2013, subject to the satisfaction of customary closing conditions.

The selling shareholders have agreed to a lock-up (subject to certain exceptions) for a period of 30 days after the date of the prospectus supplement for the offering. LyondellBasell will not receive any proceeds from the offering. The total number of LyondellBasell ordinary shares outstanding will not change as a result of the offering.

Posted-In: News Offerings

 

Related Articles (LYB)

Around the Web, We're Loving...