TITLE

Engelhard rejects $4.9B BASF offer

AUTHOR(S)
Chang, Joseph
PUB. DATE
January 2006
SOURCE
Chemical Market Reporter;1/30/2006, Vol. 269 Issue 4, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the Engelhard Corp.'s rejection of BASF's takeover bid. It discusses the growth of Engelhard's share in March 2006. According to Engelhard Chief Executive Officer and Chairman Barry Perry, BASF's offer is opportunistic and undervalues Engelhard. He also said that BASF's offer does not reflect the synergies that could be achieved in a combination.
ACCESSION #
19774412

 

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