BASF aims to bulk up globally

Article Abstract:

Despite previous indications that it would be focusing on organic growth and small acquisitions, German chemical manufacturer BASF AG has made a hostile takeover bid for the U.S. company Engelhard Corp., which specializes in chemical catalysts. If BASF's bid goes through, the $4.9 billion acquisition would become the biggest German hostile takeover of a U.S. company ever. In its home country, BASF continues negotiations with Degussa AG to purchase its construction chemicals division.

United States, Strategy & planning, Foreign operations, Management dynamics, Labor Distribution by Employer, Acquisitions Analysis-Foreign, Analysis, Management, Company acquisition/merger, Acquisitions and mergers, Statistics, BASF AG, Company business management, Engelhard Corp., EC, Pesticides industry, Herbicides, Foreign business enterprises, Degussa AG (Frankfurt, Germany), Aims and objectives, Sulphur industry, Hambrecht, Jurgen

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Schering names Erlen its new chief executive

Article Abstract:

Schering AG has hired Hubertus Erlen as its new chief executive officer. Erlen will begin the post at the firm's next yearly meeting in April, succeeding Chief Executive Giuseppe Vita.

Appointments, resignations and dismissals, Erlen, Hubertus, Vita, Giuseppe

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Schering may buy remaining stake in Aventis unit

Article Abstract:

Schering AG may acquire the 76% share of Aventis Crop Science, Aventis SA's crop-protection unit that it does not already own, but negotiations are still preliminary and exploratory.

Asset sales & divestitures, France, Pharmaceutical Preparation Manufacturing, Pharmaceutical preparations, Agricultural Chemicals, Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing, Pharmaceutical industry, Drugs, Agricultural chemicals industry, Aventis Crop Science, Aventis S.A.

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