Reliance Said to Raise Lyondell Bid to $14.5 Billion (Update3)
Feb. 22 (Bloomberg) — Reliance Industries Ltd. , owner of the world’s largest oil-refining complex, raised its offer for bankrupt LyondellBasell Industries AF to about $14.5 billion, according to two people with knowledge of the offer.
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Downtown’s Billion Dollar Baby
DOWNTOWN LOS ANGELES – For the past two and a half years, Downtown has eagerly watched the progress of the Convention Center hotel. The development that began with a massive groundbreaking ceremony on June 1, 2007 — complete with a chandelier suspended from a crane, hanging over city and business officials as [...]
Six Flags Shows Bankruptcy Loan Demand Heading for $25 Billion
Six Flags Inc. and Smurfit-Stone Container Corp. this week became the latest companies to tap investor appetite for loans financing emergence from bankruptcy, as demand drives down borrowing costs for the neediest companies.
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Poland to Sell PAK Power Plant, May Get $1.2 Billion (Update2)
Feb. 1 (Bloomberg) — Poland is seeking bids for its stakes in Zespol Elektrowni PAK SA , which produces 8.5 percent of the country’s electricity, and two brown-coal mines, in a deal that could bring in $1.2 billion to help cover the budget deficit.
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Lehman Seeks to Reject $57 Billion of Creditors’ Claims
Feb. 1 (Bloomberg) — Lehman Brothers Holdings Inc.
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