Business in Germany reflects soaring confidence as companies emerge to regain competitiveness. BASF has historically embarked upon international growth at a nascent stage and stands today as one of Germany's best run most cash-rich companies and the world's biggest chemicals group. BASF has launched a bid for specialty chemicals producer Engelhard of the US with a US$4.9 bln all-cash offer, bidding US$37 per share after Engelhard executives rejected a friendly takeover offer on December 21. The offer represents a 23% premium on Engelhard's current closing share price, and could be raised by almost US$1 per share more, if Engelhard seems ready to open its books
04-Jan-06 
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