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Red Orbit (Free subscription) | 02/10/2008
-- Offer period from October 1 to October 28, 2008 -- Cash offer of CHF 50.00 per Ciba share provides attractive premium -- Ciba's Board of Directors supports offer BASF SE Michael Grabicki, +49 621 60-99938 Fax: +49 621 60-92693 michael.grabicki@basf.com Following examination by the Swiss Takeover Board, BASF [BAS, BFA, AN] today published the offer prospectus for the public takeover offer to the...
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Red Orbit (Free subscription) | 20/09/2008
By Mumford, Richard VTT Technical Research Centre of Finland and Ciha have signed a medium to long-term cooperation agreement in the field of printed intelligence.
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Lamentations on Chemistry (Free subscription) | 18/09/2008
According to the on-line publication Chemical Engineering, German chemical giant BASF has made an offer to buy Ciba Holdings AG, headquartered in Basel, Switzerland. In the public takeover, BASF has offered CHF 50.00 for each nominal share of Ciba stock. The agreed upon price represents a 32 % premium above the Sept. 12, 2008, closing price. The [...]
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Reuters UK (Free subscription) | 16/09/2008
ZURICH, Sept 16 (Reuters) - Ciba shareholder Bestinver rejected as too low BASF's 3.4 billion Swiss franc ($3.06 billion) offer for the Swiss speciality chemicals group on Tuesday.
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Red Orbit (Free subscription) | 16/09/2008
Business News IN BRIEF *BASF, the world's biggest chemical group, is to buy Swiss rival Ciba Holding for 3.4bn Swiss francs (1.7bn). TheGerman company'scash offer of 50 Swiss francs for every Ciba share represents a 32 premium over Friday's closing price.
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Financial Time (Free subscription) | 16/09/2008
BASF, the world's biggest chemicals company, yesterday continued its acquisition drive with an agreed offer to buy Switzerland's ailing Ciba for SFr3.4bn ($3.1bn)...
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Financial Time (Free subscription) | 16/09/2008
BASF, the world's biggest chemicals company, yesterday continued its acquisition drive with an agreed offer to buy Switzerland's ailing Ciba for SFr3.4bn (£1.7bn)...
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Financial Time (Free subscription) | 16/09/2008
BASF, the world's biggest chemicals company, yesterday continued its acquisition drive with an agreed offer to buy Switzerland's ailing Ciba for SFr3.4bn ($3.04bn)...
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Times Online (Free subscription) | 16/09/2008
BASF, the German chemicals company, will take over Ciba, the Swiss company that makes chemical additives for the plastics, paper and coatings industries.
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Daily News Analysis (Free subscription) | 15/09/2008
Chemical giant BASF SE has made a $5.5 billion cash offer to buy Swiss specialty chemical maker Ciba Holding AG to become a leading supplier in paper chemicals business.
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Hindu (Free subscription) | 15/09/2008
FRANKFURT: BASF said on Monday it would buy Swiss specialty chemicals maker Ciba Holding for 6.1 billion Swiss francs, or $5.35 billion, in cash, a move that augments the German company’s presence worldwide. ...
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Forbes (Free subscription) | 15/09/2008
$5.4B price tag is a fair price as chemicals industry consolidates.
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Financial Time (Free subscription) | 15/09/2008
The strategic fit looks attractive, but is it worth the premium that was paid?
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Financial Time (Free subscription) | 15/09/2008
For observers of the chemicals business, the takeover of Ciba by BASF was just the latest stage in an inevitable consolidation as smaller producers struggle with rising costs, intensifying competition and uncompromising clients
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Financial Time (Free subscription) | 15/09/2008
The board of Ciba, the ailing Swiss speciality chemicals group, has decided to recommend a SFr6.1bn takeover bid from BASF of Germany, a deal that would accelerate consolidation in the European speciality chemicals industry
