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Lyondell creditor deal, new plan to be weighed next yr
December 26, 2009 08:39:03A US judge said on Friday that he will hear arguments from Lyondell Chemical Co's creditors in February about the validity of a settlement of their $22 billion lawsuit against the banks and advisors who put together Lyondell's leveraged buyout in 2007.Reliance Industries is trying to acquire the embattled petrochem major by teaming up with a section of its creditors and offering a better deal than the company's management.Earlier this week, just days ahead of a scheduled t... Be First to give comment
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