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Winner's curse

17 July 2007 By Cyrus Sanati

Lyondell meshes well with Basell. But the synergies probably don t justify the price especially if the economic cycle has peaked. After losing the Huntsman and GE Plastics auctions, oligarch Leonard Blavatnik s chemicals group has won Lyondell with a $12.6bn bid. After losing the Huntsman and GE Plastics auctions, billionaire Leonard Blavatnik s chemicals group has won Lyondell with a $12.6bn bid.

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