May 22, BASF BF raised its offer for Engelhard EC to $39 per share from $38 (implying ..... is offering to pay a full price for Engelhard , we like that management has shown ..... significantly, despite resistance from Engelhard 's management. We are maintaining
Although the potential purchase of Engelhard EC is still in limbo, the company is making ..... progress. Recent reports indicate that Engelhard has finally opened up its books to BASF ..... destroying bidding war to purchase Engelhard . BASF is also making progress in its
offered to acquire specialty chemical firm Engelhard EC for about $4.9 billion in cash ..... share offer represents a 23% premium to Engelhard 's year-end 2005 closing price and ..... offer is considered hostile, since Engelhard 's management team declined a friendly