NEWTOWN SQUARE, Pa., June 18 /PRNewswire/ -- ARCO Chemical Company
(NYSE: RCM) stated this morning in response to a report in the Wall Street
Journal that it is in negotiation with respect to an offer from Lyondell
Petrochemical Company (NYSE: LYO) to acquire all the outstanding stock of the
Company through a tender offer and merger. The Company's Board of Directors
is meeting today to consider the matter.
ARCO Chemical is a leading worldwide manufacturer and marketer of
propylene oxide and derivatives and other intermediate chemicals. Its
products are used in a wide range of consumer and industrial goods, including
automotive components, cushioning, paints and coatings, plastics, home
furnishings, engine coolants, and reformulated gasoline.
SOURCE ARCO Chemical Company
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fax, 800-758-5804, ext. 062063
CONTACT:
Sallie D. Anderson, Media Relations,
610-359-5773, or Sami Ahmad, Investor Relations, 610-359-3171,
both of ARCO Chemical
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