Feb 24 2006
BASF has announced that it has received clearance from the European Commission regarding BASF’s proposed acquisition of all of the issued and outstanding shares of common stock of Engelhard Corporation.
BASF is now free under both European Union and U.S. antitrust laws to proceed with its proposed acquisition of Engelhard. On February 6, 2006, the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, applicable to BASF’s tender offer for Engelhard expired.
BASF has also made the regulatory filings required under a number of other jurisdictions necessary for the consummation of its tender offer and the company currently anticipates that the necessary approvals will be obtained, and the related regulatory conditions to its tender offer will be satisfied within the next month.
http://www.basf.com