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BASF Tender Offer for Ciba Holding AG: Definitive Acceptance Rate of 68.10 Percent Based on All Ciba Shares

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Following the analysis of all tender declarations, BASF announced the definitive interim result of its public tender offer to shareholders of Ciba Holding AG, Basel, Switzerland. Up to the end of the offer period on Oct. 28, 2008, a total of 46,022,745 of all outstanding Ciba shares were tendered to BASF. Together with the 1,011,536 Ciba shares that BASF held before the publication of the pre-announcement, this results in a participation of 47,034,281 Ciba shares, which corresponds to 68.10 per...

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