TITLE

…BASF Remains Confident in Engelhard Take Over

AUTHOR(S)
Bryner, Michelle
PUB. DATE
May 2006
SOURCE
Chemical Week;5/10/2006, Vol. 168 Issue 16, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of BASF to increase its offer for Engelhard and extend the offer's expiration date as of May 10, 2006. This decision comes after Engelhard's announcement to spend money to buy back a percentage of outstanding shares in cash. BASF plans to make several nominations for election to Engelhard's board of directors. Meanwhile, Engelhard maintains that BASF's offer fails to adequately reflect the current value and future growth prospects of the company.
ACCESSION #
20817512

 

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