ROTTERDAM, Netherlands, Sept. 4, 2012 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced that affiliates of Apollo Management Holdings L.P. have priced a public offering of 17.5 million ordinary shares of LyondellBasell at a price to the public of $46.94 per share. The net proceeds to Apollo, after deducting discounts and commissions, will be approximately $821.3 million. The offering is expected to close Sept. 7, 2012, subject to the satisfaction of customary closing conditions. Affiliates of Access Industries, Inc. determined not to participate in the offering.
Goldman, Sachs & Co., Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC acted as joint book-runners for the offering. In connection with the offering, Apollo granted them an option to purchase up to an additional 2.625 million ordinary shares.
The ordinary shares were issued pursuant to an effective shelf registration on file with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the ordinary shares nor shall there be any sale of these shares of ordinary shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering of these ordinary shares is being made only by means of a prospectus supplement and related prospectus. A copy of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained from http://www.sec.gov/ or from Goldman, Sachs & Co., 200 West Street, New York, NY 10282, Attention: Prospectus Department, by calling (866) 471-2526, or by e-mailing email@example.com; Deutsche Bank Securities Inc., Attn.: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by calling (800) 503-4611, or by e-mailing prospectus.CPDG@db.com; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, NY 10014, or by e-mailing firstname.lastname@example.org.Statements in this release which are not historical facts, such as those that may be identified by the use of words such as "anticipate," "believe," "could," "estimate," "expect," "feel," "forecast," "intend," "may," "plan," "potential," "project," "should," "would," and similar expressions, are forward-looking statements under the provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These risk and uncertainties include, but are not limited to the consummation of the offering by the selling shareholders. Forward-looking statements reflect management's analysis as of the date of this press release. Important factors that could cause actual results to differ materially from our expectations are more fully described in our other filings with the Securities and Exchange Commission. Except as required by applicable law, we do not undertake to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV