13 April 2007 17:27 [Source: ICIS news]
LONDON (ICIS news)--BASF shares rose 2.6% in late day trading on Friday as rumours surfaced of a possible €93 ($126) a share bid from DuPont.
Financial analysts dismissed the speculation that was linked by wire service reports to rumours among traders in Frankfurt and ?xml:namespace>
A possible deal was seen as having little logic behind it and the offer price suggested dismissed as being too modest. A bid premium for the
BASF said it did not comment on market rumours.
($1 = €0.74)
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