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News Jul 12, 2019

LyondellBasell’s $3 Billion Modified Dutch Auction

Shearman & Sterling advised LyondellBasell on its $3 billion "modified Dutch Auction" tender offer. As part of the transaction, the company acquired more than 35 million of its ordinary shares at a price of $88.00 per share. These shares represent approximately 9.5 percent of the shares outstanding as of July 8, 2019.

The Shearman & Sterling team below was supported by associates Joon Lee, Wendy Suh and Ahuva Weinreich.

The Team