Flexible Electronics News

BASF Makes Offer to Acquire Ciba

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By: DAVID SAVASTANO

Editor, Ink World Magazine

BASF plans to acquire Ciba Holding AG, Basel, Switzerland,, a leading specialty chemical company, and will make a public takeover offer to Ciba’s shareholders. BASF will pay CHF 50.00 in cash for each nominal share in Ciba. BASF and Ciba have reached a transaction agreement in which the Board of Directors of Ciba supports BASF’s attractive offer and recommends its acceptance to Ciba’s shareholders. The offer corresponds to a premium of 32 percent above the closing price for Ciba’s shares on Sept...

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