Lyondell's creditors can query negotiations and financing of merger with Basell

07-Apr-09
A committee of unsecured creditors of Lyondell Chemical Co. can probe negotiations and financing for the December 2007 merger with Basell AF SCA, as per a ruling by bankruptcy judge. The committee can request testimony and documents as part of its "investigation of the merger and related transactions. Hence, the buyout firm Apollo Management LP and lenders Goldman Sachs Group, Citigroup Inc. and Merrill Lynch & Co. will be bound to respond to creditors' request for merger-related information. ABN Amro Inc., UBS AG and any third-party advisers, shareholders or lawyers involved in the deal must also produce documents.
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