Thursday, July 12, 2007

UPDATE 1-Basell not raising $5.6 bln bid for Huntsman

(Reuters) - Dutch-based Basell, which is controlled by U.S. industrial
group Access Industries, said it understands that Hexion's
higher offer faces a lengthy and complex regulatory approval
process and it intends to monitor the situation.




Huntsman had originally signed a merger agreement with
Basell, but last week said that the bid from Hexion constituted
a superior proposal.


Read more at Reuters.com Mergers News

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