According to WSJ, Braskem S.A. (BAK) approached by LyondellBasell Industries N.V. (LYB)

  • October 31, 2017

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.