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[March 2006]
BASF Extends Tender Offer for Engelhard Again
BASF AG (Ludwigshafen, Germany) has announced that, through its wholly owned subsidiary, Iron Acquisition Corporation, it has extended the expiration date of its cash tender offer for all of the issued and
outstanding shares of common stock of Engelhard Corporation to 5pm, New York City time, on 14 April 2006. The tender offer had previously been scheduled to expire at 5pm, New York City time, on 17 March 2006.BASF has extended its tender offer so that it would have an opportunity to review non-public information provided by Engelhard pursuant to the terms of a confidentiality agreement BASF entered into with Engelhard.
BASF has been informed by The Bank of New York, the Depositary for the offer, that, as of 5pm, New York City time on 15 March 2006, a total of 767,913 shares of Engelhard common stock had been tendered into the offer and not withdrawn. As a consequence of the extension of the expiration date, holders of Engelhard common stock may tender their shares until 5pm, New York City time, on 14 April 2006 unless the offer is further extended.
www.basf.com
ENDS