LYONDELLBASELL
One step closer to USD 2.25 bn takeover of A. Schulman
LyondellBasell’s (LBI, Houston, Texas / USA; www.lyondellbasell.com) planned USD 2.25 bn takeover of materials specialist A. Schulman (Akron, Ohio / USA; www.aschulman.com) moved a step closer this week after US regulators agreed to early termination of the required waiting period for the acquisition.
The US Federal Trade Commission’s (FTC) announcement satisfies one of the conditions for the deal’s completion. It still has to meet other conditions, including gaining the approval of A. Schulman shareholders and other regulatory clearances.
Announced in February of this year – see Plasteurope.com of 15.02.2018 – the acquisition would add A. Schulman’s portfolio to LyondellBasell's existing platform to create an Advanced Polymer Solutions business. The transaction is expected to close in the second half of 2018.
The US Federal Trade Commission’s (FTC) announcement satisfies one of the conditions for the deal’s completion. It still has to meet other conditions, including gaining the approval of A. Schulman shareholders and other regulatory clearances.
Announced in February of this year – see Plasteurope.com of 15.02.2018 – the acquisition would add A. Schulman’s portfolio to LyondellBasell's existing platform to create an Advanced Polymer Solutions business. The transaction is expected to close in the second half of 2018.
23.03.2018 Plasteurope.com [239357-0]
Published on 23.03.2018
German version of this article...