BASF sees no action on Engelhard bid until Monday
13 April 2006 20:41 [Source: ICIS news]
HOUSTON (ICIS news)--BASF will not make an announcement about its tender offer to purchase Engelhard until Monday, company spokesman Glenn Majeski said on Thursday.
German chemical giant BASF made an unsolicited offer of $37 per Engelhard share on 3 January. It has extended its offer three times; the latest extension was set to expire on Friday at
A spokesman for Engelhard, a
Englehard shares were trading at $39.41 early Thursday afternoon.
By: Joseph Lohan
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