This Rumor Pushed Braskem 19.6% Higher in October
Shares of Brazil's largest chemical manufacturer soared nearly 20% last month after The Wall Street Journal reported that LyondellBasell Industries NV (NYSE: LYB) was in early talks to acquire it. Braskem (NYSE: BAK) was quick to deny the reports, but investors have yet to drain all of the added value from either company's market cap.
Source: Fool.com