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LyondellBasell prices offering of 15mn shares at $74.10
Nov '13
LyondellBasell announced the pricing of an underwritten public offering of 15 million ordinary shares by certain selling shareholders that are affiliates of Apollo Management Holdings L.P. at a price to the public of $74.10 per share. 

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.


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