BASF Aktiengesellschaft announced it has raised its all-cash offer for Engelhard Corporation to $39 per share from its previous offer of $38 per share. The takeover bid, which began almost five months ago, has been repeatedly rejected by Engelhard’s Board of Directors. “We are confident that Engelhard’s shareholders will recognize the superior value for all of their shares and the complete certainty that BASF is offering, as opposed to the risk and uncertainty of Engelhard’s leveraged rec...