Home / Knowledge / News / Textiles / BASF able to garner 94.59% of all Ciba shares
BASF able to garner 94.59% of all Ciba shares
21
Nov '08
The definitive final result for BASF's [BAS, BFA, AN] public tender offer to shareholders of Ciba Holding AG [CIBN], Basel, Switzerland, is available. Up to the end of the offer period, a total of 53,376,268 Ciba shares have been tendered to BASF.

Together with the 1,011,536 Ciba shares that BASF held before the publication of the pre-announcement, the 9,021,802 Ciba shares that BASF bought from the Spanish investor group Bestinver outside the public tender offer and the 1,918,547 own shares held by Ciba, this results in a participation of 65,328,153 Ciba shares. This corresponds to 94.59 percent of all issued Ciba shares.

The transfer of shares to BASF and the payment of the offer price to Ciba shareholders will take place on the settlement date, which is expected in the first quarter of 2009.

A second trading line for the tendered Ciba shares is expected to be opened on the Swiss stock exchange on December 3, 2008. This will allow the shares to be traded up to the settlement date. The shares remain tendered. On the settlement date, they are automatically transferred to BASF against payment of the offer price of CHF 50.00 irrespective of the share owner on that date.

BASF

Must ReadView All

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

RBI Governor Urjit Patel and other officials addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

RBI withdraws the incremental CRR from Dec 10

The Reserve Bank of India (RBI) has decided to withdraw the...

Textiles | On 7th Dec 2016

‘Price-competitiveness is crucial for China yarn market’

Kikani Exports, India based yarn supplier with 12 years of experience ...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search