UPDATE 3-LyondellBasell in exclusive talks to acquire control of Braskem
June 15, 2018 at 15:32 PM EDT
SAO PAULO, June 15 (Reuters) - LyondellBasell Industries NV and Odebrecht SA, the controlling owner of petrochemicals producer Braskem, said on Friday they have entered into exclusive talks for Lyondell to acquire control of Braskem, and two people familiar with the matter said the companies are planning a cash and shares deal that could top $9 billion.