Special
Meeting of Lyondell Shareholders
to
Proceed as Planned
HOUSTON,
Nov.14, 2007
—
On Nov.
13, 2007, in the case
entitled
Plumbers and Pipefitters Local 51 Pension Fund, On Behalf of Itself
and Others Similarly Situated v Lyondell Chemical Company, et al,
the
80
th
District
Court of Harris County, Texas, denied the plaintiff’s request for a preliminary
injunction to delay the vote of Lyondell’s shareholders with respect to the
Agreement and Plan of Merger among Basell AF, BIL Acquisition Holdings
Limited
and Lyondell.
Lyondell’s
Special Shareholder Meeting will take place at 9 a.m. CST on Nov. 20,
2007, as
previously announced.
About
Lyondell
Lyondell
Chemical Company, headquartered in Houston, Texas, is North America's
third-largest independent, publicly traded chemical company. Lyondell
is a
leading global manufacturer of chemicals and plastics, a refiner of heavy,
high-sulfur crude oil and a significant producer of fuel products. Key
products
include ethylene, polyethylene, styrene, propylene, propylene oxide,
gasoline,
ultra low-sulfur diesel, MTBE and ETBE.
Additional
Information and Where to Find It
In
connection with the solicitation of proxies by Lyondell Chemical Company
(the
“Company”) with respect to the meeting of its stockholders regarding the
proposed merger, the Company has filed a definitive proxy statement with
the
Securities and Exchange Commission (the “SEC”). A definitive proxy
statement and a form of proxy have been mailed to the stockholders of
Lyondell. STOCKHOLDERS OF THE COMPANY ARE ADVISED TO READ THE
DEFINITIVE PROXY STATEMENT BECAUSE IT CONTAINS IMPORTANT INFORMATION.
Stockholders may obtain a free-of-charge copy of the proxy statement
and other
relevant documents filed with the SEC from the SEC’s web site at
http://www.sec.gov. Stockholders may also obtain a free-of-charge copy
of the
proxy statement and other relevant documents by directing a request by
mail to
Lyondell Chemical Company, Investor Relations, 1221 McKinney Street,
Suite 700,
Houston, Texas 77010, telephone (713) 309-4590, or from the Company’s website at
www.lyondell.com.
The
Company and certain of its directors and executive officers may, under
the rules
of the SEC, be deemed to be “participants” in the solicitation of proxies from
its stockholders in connection with the proposed merger. Information
concerning
the interests of the persons who may be “participants” in the solicitation is
set forth in the Company’s definitive proxy statement and annual reports on Form
10-K (including any amendments thereto), previously filed with the
SEC.
SOURCE:
Lyondell Chemical Company
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Lyondell
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