Millennium Chemicals acquired.MILLENNIUM CHEMICALS Millennium Chemicals Inc is a U.S. based chemical company. The business was established in 1985. It was a subsidiary of British conglomerate Hanson plc at one time, but was demerged on 1 October 1996, when it became an independent listed company. ACQUIRED. Lyondell Chemical Co., Houston, Texas, USA has completed the acquisition of Millennium Chemicals Inc., creating North America's third-largest independent, publicly traded chemical company with consolidated pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma 2003 revenues of US$ 11.4 billion, and current market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of more than US$ 6.5 billion. Based on chemical sales Lyondell is now the world's seventh-largest independent chemical company. |
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