LyondellBasell says received offer from Reliance
CHICAGO, Nov 21 (Reuters) - LyondellBasell said on Saturday it had received a preliminary, nonbinding cash offer from Indian energy giant Reliance Industries (RELI.BO: Quote, Profile, Research) to acquire a controlling interest in the company, contemporaneously with LyondellBasell's emergence from Chapter 11 reorganization.
Petrochemicals firm LyondellBasell [ACCEIN.UL] said in a statement that the offer represents a potential alternative to a previously filed reorganization plan.
(Reporting by Julie Ingwersen, Editing by Sandra Maler)
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