LyondellBasell Receives EU Antitrust Clearance for Acquisition of A. Schulman
June 27 2018 - 1:07PM
Dow Jones News
By Stephen Nakrosis
LyondellBasell Industries NV (LYB) said Wednesday it received
clearance from the European Commission for its pending acquisition
of A. Schulman Inc. (SHLM).
The pending acquisition has already been cleared by antitrust
regulators in the U.S., Brazil, China, Serbia, Turkey and Mexico,
the company said.
LyondellBasell, a plastics and refining firm, made an offer to
buy A. Schulman for $42 a share in February. The total
consideration of the deal is $2.25 billion.
A. Schulman, based in Fairlawn, Ohio, is a supplier of
high-performance plastic compounds, composites and powders.
The deal is expected to close in the second half of this
year.
-- Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
June 27, 2018 12:52 ET (16:52 GMT)
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