BASF seeks bigger U.S. presence with $4.9 billion Engelhard bid

Article Abstract:

German chemical company BASF AG's unsolicited bid for American company Engelhard Corp. is discussed. Engelhard has said it will review the bid of $37 per share before issuing a recommendation to shareholders. Acquisition of Engelhard, a leading supplier of chemical catalysts, would expand BASF's presence in the United States.

Foreign operations

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Engelhard rejects rival BASF's bid, considers a sale

Article Abstract:

Engelhard Corp. of the United States has rejected a $4.9 billion overture from BASF AG of Germany. BASF AG offered $37 a share but analysts believe the specialty chemical company was undervalued.

Company Profile

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BASF's takeover offer is rejected by Engelhard

Article Abstract:

BASF AG of Germany offer to acquire Engelhard Corp. of the United States has been rejected. Engelhard Corp. is to offer a share buyback of 20 percent or 26 million shares for $45 per share.

Company overview

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