(Bloomberg) -- Saudi Basic Industries Corp., the world's biggest chemical company by market value, will buy General Electric Co.'s plastics unit for about $11 billion, two people familiar with the process said.
The companies may announce an agreement for the sale as early as today, said one person. Both people requested anonymity because the decision isn't public yet. The price is higher than the $8 billion to $10 billion some investors had estimated.
Read more at Bloomberg Emerging Markets News
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