The net proceeds to Apollo, after deducting discounts and commissions, will be approximately $1.1 billion. The offering is expected to close Nov. 6, 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.
Barclays Capital Inc. acted as the sole underwriter for the offering.
LyondellBasell is one of the world's largest plastics, chemical and refining companies and a member of the S&P 500. LyondellBasell manufactures products at 58 sites in 18 countries.
LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive parts, home furnishings, construction materials and biofuels.
Apparel/Garments | On 26th Oct 2016
SGS, a leading inspection, auditing, certification, testing, and...
Textiles | On 26th Oct 2016
International Textile Group (ITG) has been acquired by Platinum...
Information Technology | On 26th Oct 2016
Electronics For Imaging, Inc. (EFI), a global technology company...
Very few machinery manufacturers have R&D units
Bridalwear is not about reds and whites anymore
‘There is huge demand in the Indian lingerie market for non-wired styles.’
Iago Castro Asensio
RCfil Distribuciones S.L.
Iago Castro Asensio, International Business Manager of RCfil...
Swerea IVF AB
Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...
Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...
Bani Batra’s couture wedding collection is inspired by traditional Indian...
Gildan Activewear SRL
Gildan Activewear, a manufacturer and marketer of branded clothing and...
Hyderabad-based designer Prathyusha Garimella is known for blending...
Textiles | On 25th Oct 2016