Reliance eyes other firms after Lyondell snub (Business Times (Malaysia))

9 March 2010, 8:39 am

MUMBAI: Indian energy giant Reliance Industries will look for other global acquisitions after being snubbed by Rotterdam-based takeover target LyondellBasell, a company source said yesterday. Bankrupt Lyondell rejected Reliance's US$14.5 billion (US$1 = RM3.34) bid on Monday, saying it had opted to follow through on its own restructuring plan instead. A deal would have created one of the world's ...... Read More »

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