Chemicals giant, LyondellBasell Industries N.V. LYB has secured the approval from the Chinese State Administration of Market Regulation ("SAMR") for its proposed buyout of A. Schulman, Inc. SHLM in a deal worth $2.25 billion.The clearance satisfies one of the closing conditions to the transaction. The deal now remains subject to other customary closing conditions including approval by A. Schulman shareholders and other required regulatory approvals. The acquisition is expected to consummate in second-half 2018.LyondellBasell, in February, agreed to buy A. Schulman, a move that will create a premier global provider of advanced polymer solutions with extensive geographic reach, leading technologies and a diverse product portfolio. A. Schulman is a leading supplier of high-performance plastic compounds, composites and powders.Under the deal terms, LyondellBasell will purchase 100% of the common stock of A. Schulman for $42 per share in cash and one contingent value right per share and will also assume outstanding debt and specific other obligations. The company will use cash on hand to fund the buyout.The buyout doubles the size of LyondellBasell's existing compounding business. It also creates a platform for future growth with reach into additional high-growth markets such as packaging and consumer products, electronics and appliances, building and construction, and agriculture. The acquisition will enable the company to offer a comprehensive range of innovative solutions to its customers.LyondellBasell expects to capture $150 million in run-rate cost synergies within two years. The buyout is also expected to be accretive to earnings within the first full year following its closure.LyondellBasell has outperformed the industry it belongs to over a year. The company’s shares have rallied around 44.1% over this period, compared with the industry’s growth of 14.5%. LyondellBasell, during its first-quarter call, said that it sees seasonal margin improvements in oxyfuels and refining. It also expects to benefit from continued high operating rates in the second quarter. The imbalance between ethylene production and consumption is also expected to improve as the downstream derivative units attain full operating rates. The company also noted that strong global demand and higher oil prices continue to support strong polyolefin pricing.LyondellBasell is a Zacks Rank #3 (Hold) stock.LyondellBasell Industries N.V. Price and Consensus LyondellBasell Industries N.V. Price and Consensus | LyondellBasell Industries N.V. QuoteOther Stocks to ConsiderBetter-ranked stocks in the basic materials space include The Chemours Company CC and Huntsman Corporation HUN, both carrying a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Chemours has an expected long-term earnings growth rate of 15.5%. Its shares have gained roughly 20% over a year.Huntsman has an expected long-term earnings growth rate of 8.3%. The company’s shares have rallied around 27% in a year.The Hottest Tech Mega-Trend of All Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Huntsman Corporation (HUN): Free Stock Analysis Report LyondellBasell Industries N.V. (LYB): Free Stock Analysis Report Chemours Company (The) (CC): Free Stock Analysis Report A. Schulman, Inc. (SHLM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research