Key Developments: LyondellBasell Industries NV (LYB)
65.72USD
24 May 2013
$-0.11 (-0.17%)
$65.83
$65.26
$65.92
$64.85
2,250,461
4,381,784
$67.45
$35.97
Latest Key Developments (Source: Significant Developments)
Lyondellbasell Industries NV Announces Share Repurchase Program; Increase To Interim Dividend
Lyondellbasell Industries NV announced that a proposal to authorize the Company to repurchase up to 10 % of the company's outstanding stock. As a result, the Supervisory Board has approved a share repurchase program of up to 10% of the Company's shares over the next 12 months. The repurchases will be executed from time to time through open market or privately negotiated transactions. The Supervisory Board also authorized the Company's Management Board to declare an interim dividend of $0.50 per share, representing an increase of 25 % to the Company's first quarter 2013 interim dividend. The increased interim dividend will be paid June 24, 2013 to shareholders of record on June 3, 2013, subject to the adoption of a resolution by the Management Board, which is expected to occur June 3. Full Article
Lyondellbasell Industries NV Announces Price Offering Of Ordinary Shares
Lyondellbasell Industries NV announced the pricing of an underwritten public offering of 25 million ordinary shares by certain selling shareholders that are affiliates of Apollo Management Holdings L.P. The offering is expected to close February 19, 2013. The selling shareholders have agreed to a lock-up for a period of 30 days after the date of the prospectus supplement for the offering. LyondellBasell will not receive any proceeds from the offering. The total number of LyondellBasell ordinary shares outstanding will not change as a result of the offering. Goldman, Sachs & Co. acted as the sole underwriter for the offering. Full Article
Lyondellbasell Industries NV Announces Offering Of 25 Million Ordinary Shares By Selling Shareholders
Lyondellbasell Industries NV announced the commencement of an underwritten public offering of 25 million ordinary shares by certain selling shareholders that are affiliates of Apollo Management Holdings L.P. The selling shareholders will agree to a lock-up (subject to certain exceptions) for a period of 30 days after the date of the prospectus supplement for the offering. LyondellBasell will not receive any proceeds from the offering. The total number of LyondellBasell ordinary shares outstanding will not change as a result of the offering. Goldman Sachs & Co. is acting as the sole underwriter for the offering. Full Article
Lyondellbasell Industries NV Authorizes Interim Dividend
Lyondellbasell Industries NV announced that it has authorized the Company's Management Board to declare an interim dividend of $0.40 per share to be paid March 18, 2013 to shareholders of record on February 25, 2013, subject to the adoption of a resolution by the Management Board, which is expected to occur February 25, 2013. Full Article
Lyondellbasell Industries NV Selling Shareholders Price Offering Of Ordinary Shares
Lyondellbasell Industries NV announced the pricing of an underwritten public offering of 21 million ordinary shares by certain selling shareholders that are affiliates of Apollo Management Holdings L.P. at a price to the public of $48.50 per share. The net proceeds to Apollo, after deducting discounts and commissions, will be approximately $1.0 billion. The offering is expected to close December 10, 2012, subject to the satisfaction of customary closing conditions. The selling shareholders have agreed to a lock-up (subject to certain exceptions) for a period of 30 days after the date of the prospectus supplement for the offering. LyondellBasell will not receive any proceeds from the offering. The total number of LyondellBasell ordinary shares outstanding will not change as a result of the offering. Barclays acted as the sole underwriter for the offering. Full Article
Lyondellbasell Industries NV Declares Special Dividend and Interim Dividend
Lyondellbasell Industries NV announced that its Management Board has declared a special dividend of $2.75 per share payable December 11, 2012 to shareholders of record on November 19, 2012, and an interim dividend of $0.40 per share payable December 11, 2012 to shareholders of record on November 19, 2012. Full Article
Lyondellbasell Industries NV Authorizes Interim Dividend
Lyondellbasell Industries NV announced that its Supervisory Board has authorized the Company's Management Board to declare an interim dividend of $0.40 per share to be paid Dec. 11, 2012 to shareholders of record on Nov. 19, 2012, subject to the adoption of a resolution by the Management Board, which is expected to occur Nov. 19, 2012. The interim dividend is separate from and in addition to the company's special dividend of $2.75 per share announced Oct. 26 that also will be paid Dec. 11, 2012 to shareholders of record Nov. 19, 2012. Full Article
Lyondellbasell Industries NV Announces Offering Of 20 Million Ordinary Shares By Selling Shareholders
Lyondellbasell Industries NV announced the commencement of an underwritten public offering of 20 million ordinary shares by certain selling shareholders that are affiliates of Apollo Management Holdings L.P. The selling shareholders will agree to a lock-up of their ordinary shares (subject to certain exceptions) for a period of 30 days after the date of the prospectus supplement for the offering. LyondellBasell will not receive any proceeds from the offering. The total number of LyondellBasell ordinary shares outstanding will not change as a result of the offering. Deutsche Bank Securities is acting as the sole underwriter for the offering. Full Article
Lyondellbasell Industries NV Announces $2.75 Per Share Special Dividend
Lyondellbasell Industries NV announced that the it declares regular interim dividend of $0.40 per share plus a special dividend of $2.75 per share. Full Article
Lyondellbasell Industries NV Declares Interim Dividend
Lyondellbasell Industries NV announced that its Management Board has declared an interim dividend of $0.40 per share payable September 24, 2012 to shareholders of record September 4, 2012. Full Article
Lyondell Houston refinery cutting Venezuelan crude use
HOUSTON, March 13 - LyondellBasell Industries NV cut the use of heavy sour crude oil from Venezuela by about 36 percentage points between 2009 and 2012 at its 268,000 barrel per day (bpd) Houston refinery, the company said in a presentation to Wall Street analysts on Wednesday.
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