TITLE

Windfall gain for Altana shareholders

PUB. DATE
May 2007
SOURCE
ICIS Chemical Business;5/14/2007, Vol. 2 Issue 66, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the performance of Altana, a German chemical company, on the Frankfurt stock exchange on May 3-4, 2007. Altana's share price dipped by nearly 10% on May 3 but rebounded by 70% on May 4. This followed the firm's announcement that it will be returning to shareholders the entire €4.5 billion profit from the sale of its pharmaceuticals division to Nycomed at the end of 2006. A trader commented that the fluctuation was the most extreme in 15 years.
ACCESSION #
25393690

 

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