BASF makes offer for Cibaliz.wells@haymarket.com, 15 September 2008Be the first to comment on this article BASF, which supplies materials to the packaging industry, has made an offer to acquire Ciba Holding for CHF6.1bn (3bn). The merger would extend BASF’s leading position as a preferred supplier to the plastics industry and make it the second largest supplier of coating effect materials. In a statement BASF said: “With the acquisition of Ciba, BASF is strengthening its portfolio and expanding its leading position in specialty chemicals with products and services for a variety of customer industries.” The acquisition is subject approval by shareholders and the Swiss Takeover Board. Speak Your Mind |
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