- LyondellBasell (LYB -2.5%) tumbles into the close after saying during its investor day presentation that it is evaluating borrowing up to $18B for acquisitions.
- During its presentation, LYB management discussed keeping acquisitions in its existing value chain, but has no plans to acquire any specialty chemical companies, according to TheFly.com.
- LYB also reportedly says it plans to maintain its dividend and will be more opportunistic on share repurchases.
LyondellBasell -2.5% after saying it may borrow $18B for M&A
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Symbol | Last Price | % Chg |
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LYB | - | - |
LyondellBasell Industries N.V. |