Engelhard nods a firm okay to BASF offer

June 2006
ICIS Chemical Business;6/5/2006, Vol. 1 Issue 22, p16
Trade Publication
The article reports on the recommendation of the board of Engelhard for its shareholders to accept the tender offer made by BASF. Barry Perry, chairman and chief executive of Engelhard, has released a statement regarding the transaction between the two companies. Engelhard's agreement to the BASF offer came after a long takeover battle culminating in BASF appealing directly to Engelhard shareholders in a letter that was critical of the firm's tactics and its management's profit projections.


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