tag:blogger.com,1999:blog-5004969870985239955.post7236789917668668255..comments2023-11-03T05:11:41.784-07:00Comments on Chemical Reaction: Basell to Buy Lyondell for $12 BillionUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5004969870985239955.post-51033930173128505052007-07-19T08:04:00.000-07:002007-07-19T08:04:00.000-07:00We are in interesting times right now. There appea...We are in interesting times right now. There appears to be no limit to how much private equity can raise and spend to target companies, and free-spending emerging companies and private investors like Sabic Blavatnik will spend anything to establish a global position. One wonders what's next and how this will all turn out.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5004969870985239955.post-21600804894755199362007-07-18T04:46:00.000-07:002007-07-18T04:46:00.000-07:00Access says that the valuation on lyondell at $48 ...Access says that the valuation on lyondell at $48 per share is an Ebitda multiple of 7, analysts put it at 6.1 times.<BR/>Either is an awful lot to pay for a struggling refinery and mostly ancient polyolefin technology and plant and a propylene oxide technology that is saddled with co-products that are in oversupply - styrene and MTBE.Anonymousnoreply@blogger.com