BASF acquires 100% shares of Engelhard
Buyout at US$39 per share is a part of a merger deal
Engelhard Corporation entered into a definitive merger agreement with BASF. Under the agreement, BASF will acquire all the outstanding shares of Engelhard for US$39 per share in cash, valued at (including stock options net of strike price) approximately US$5bn and a total enterprise value of approximately US$5.6bn including net debt.
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