Jan 19 (Reuters) - Lyondellbasell Industries NV:
* Says on December 20, 2010, unit got demand letters from affiliates of access
industries, a shareholder - SEC filing
* Says has conducted an initial investigation of the facts underlying the
demand letters
* Says it requested that access withdraw its demands and, on January 17, 2011,
access declined to withdraw the demands
* Nell and bi have also demanded that lbih pay $50 million in management fees
for the years 2009 and 2010
* Says access affiliates demanded that co unit indemnify them and their
shareholders
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Says on December 20, 2010, unit got demand letters from affiliates of access
industries, a shareholder - SEC filing
* Says has conducted an initial investigation of the facts underlying the
demand letters
* Says it requested that access withdraw its demands and, on January 17, 2011,
access declined to withdraw the demands
* Nell and bi have also demanded that lbih pay $50 million in management fees
for the years 2009 and 2010
* Says access affiliates demanded that co unit indemnify them and their
shareholders
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.