is part of the Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Swiss body rejects extension of BASF/Ciba agreement deadline

Swiss Takeover Board (Bern) has rejected a request by the Bestinver Asset Management (Madrid, Spain) investment group to extend the period for a public takeover offer to shareholders of Ciba Holding (Basel, Switzerland). Polymer and additive producer BASF (Ludwigshafen, Germany), which previously made an offer to acquire the company, greeted the decision with equanimity and said it is confident that more than the minimum required 66.67% of shares will be tendered by the offer period ending October 28.    

Swiss Takeover Board (Bern) has rejected a request by the Bestinver Asset Management (Madrid, Spain) investment group to extend the period for a public takeover offer to shareholders of Ciba Holding (Basel, Switzerland). Polymer and additive producer BASF (Ludwigshafen, Germany), which previously made an offer to acquire the company, greeted the decision with equanimity and said it is confident that more than the minimum required 66.67% of shares will be tendered by the offer period ending October 28.    

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish