February 15, 2018 / 1:04 PM / 3 months ago

LyondellBasell to buy plastics maker Schulman for $2.25 bln

Feb 15 (Reuters) - Petrochemical company LyondellBasell Industries NV on Thursday said it would buy plastics maker A. Schulman Inc for $2.25 billion, including debt.

Under the deal terms, LyondellBasell will pay $42 per share, a 8.7 percent premium to Schulman’s Wednesday close. (Reporting by Ahmed Farhatha in Bengaluru; Editing by Shailesh Kuber)

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