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Braskem S.A. (BAK) Is Up Sharply On LyondellBasell Talks

LyondellBasell (LYB) and Odebrecht S.A., the majority owner of Braskem S.A. (BAK), announced Friday that they are discussing a potential deal between LyondellBasell and Braskem.

Braskem gapped open higher Friday and has continued to rise in early trade. The stock is now up 4.59 at $26.35 on above average volume. Braskem has jumped to over a 2-week high.

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