Lyondell sets meeting date for merger vote

By Lisa Kerner

Charlotte, N.C., Sept. 25 - Lyondell Chemical Co. will hold a special meeting of shareholders on Nov. 20 at 10 a.m. ET in Houston for the purpose of voting on the company's proposed acquisition by Basell AF and BIL Acquisition Holdings Ltd.

The record date for the meeting is Oct. 9, according to a company news release.

On July 17, Lyondell announced it agreed to be acquired by Basell for $48 per common share in an all-cash transaction valued at some $19 billion including debt.

Lyondell is a Houston-based chemical manufacturing company.

Basell produces polypropylene and advanced polyolefin products. Based in Hoofddorp, the Netherlands, Basell is privately owned by Access Industries.

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