BASF Aktiengesellschaft has signed a definitive agreement with Engelhard Corporation (NYSE: EC), wherein, Engelhard will recommend that Engelhard shareholders tender their shares to BASF in exchange for US$39 per share in cash and will withdraw its US$45 per share self-tender offer for approximately 20% of the company’s shares.
BASF’s $39 per share all-cash offer for all of the issued and outstanding shares of common stock of Engelhard Corporation is scheduled to expire at midnight, New York City time, on Monday, June 5, 2006
31-May-06 
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