Read more Basell stories on Newserhttp://www.newser.com/taggrid/5459/basell.htmlhttp://img1-cdn.newser.com/images/newser-black250x40.gifhttp://www.newser.com/2012 - Newseren-usNewser Feed GeneratorSat, 26 May 2012 09:00:57 CDThttp://www.newser.com/story/2373/burgeoning-saudi-firm-snags-ge-plastics.htmlJ. Kelman<img src='http://img2-cdn.newser.com/getimage.aspx?mediaid=4987&width=45&height=45&crop=Y&updateddate=20110401035015' border='0' />A Saudi chemical company will take over General Electric's plastics division in a deal worth $11.6 billion, the companies said today. Saudi Basic Industries Corp., or Sabic, beat out Dutch-owned Basell for GE Plastics, which was put up for sale in January. The purchase, the largest ever by a...Jeffrey Immelt, Chairman and CEO of GE, speaks at the company's healthcare summit on Tuesday, May 15, 2007 in New York. (AP Photo/Mark Lennihan)http://www.newser.com/story/2373/burgeoning-saudi-firm-snags-ge-plastics.htmlMon, 21 May 2007 13:29:02 CDT