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Bayer Announces Plans To Purchase Lyondell Chemicals

Bayer, Germany, has announced plans to purchase Lyondell Chemicals, Houston. The acquisition, which is estimated to be worth $2.45 billion, includes three U.S. production plants and two European plants.

According to Bayer, the acquisition will strengthen its core polymers business and include an alliance with Lyondell to combine technology and the production of propylene oxide.

January 2000



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