BASF
Ciba stake of 94.6% nailed down / Final result this week
BASF (Ludwigshafen, Germany; www.basf.com) has nailed down nearly 95% of all shares in Ciba (Basel / Switzerland; www.cibasc.com) following the extended offer period ending on 14 November 2008. Including shares bought from the Spanish Bestinver Group outside the public tender offer and shares owned by Ciba itself, BASF has achieved a participation of 65,301,936 – or 94.55 percent of the Swiss speciality chemicals producer’s capital. The final result will be published on November 20. Ciba will hold an extraordinary general meeting on 2 December, and the deal is set to close in Q1 2009 – see Plasteurope.com of 12.11.2008.
19.11.2008 Plasteurope.com [212258]
Published on 19.11.2008