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LyondellBasell Industries NV (LYB) has made a takeover approach to Braskem SA (BAK), according to people familiar with the matter, eyeing a deal that could value the Brazilian petrochemical company at well over $10 billion.
Update(s):
October 31, 2017: Brazilian petrochemical producer Braskem SA (BAK), on Tuesday denied reports that LyondellBasell Industries NV (LYB) had approached it with a takeover offer.