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BASF raises its bid for Engelhard

Article Abstract:

BASF AG of Germany increased its share offer bid for Engelhard Corp. of the United States to $39 per share or just over $5 billion. The chemical company acquisition bid is considered hostile and the new offer is final. Chief Executive Officer Jungen Hambrecht said "Under no circumstances will we raise our price again."

Author: Schrimpf, Gangolf

Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006

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Engelhard agrees to BASF's offer of $39 a share

Article Abstract:

Englehard Corp. of the United States has accepted an acquisition offer by BASF AG of Germany for $5 billion. The German chemical company share purchase offer is $39 per share to Englehard shareholders.

Author: Berman, Dennis K.

Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006

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Subjects list: United States, Germany, Mergers, acquisitions and divestments, Company acquisition/merger, BASF AG, Chemical industry, Engelhard Corp., EC, Pesticides industry, Herbicides, Sulphur industry

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