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Dated: 4 January 2006
In what the New York Times terms as a “hostile bid”, BASF has made an all-cash proposal to acquire all outstanding shares of common stock of Engelhard Corporation, supplier of catalysis goods and sanitizers of food-contact surfaces. BASF says it is looking to expand its portfolio of products and services.
“By combining the R&D activities of both companies, BASF would create a unique global technology platform for catalysts and open up further growth and innovation potential,” explains Dr. Jürgen Hambrecht, Chairman of the Board of Executive Directors of BASF Aktiengesellschaft.
BASF offers $4.9 billion to acquire Engelhard
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(28 November 2008)
Thermo Fisher Scientific has introduced a new application note entitled Nitrogen/Protein determination in meat derivative products using the Thermo Scientific FLASH 4000. It detail...
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(27 November 2008)
The latest Sartorius Miras stainless steel (SS) scale is designed with the finite element method that uses less material but without compromising on performance. The platform is ea...
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(26 November 2008)
Rockwell Automation says it has expanded the platform capabilities of its FactoryTalk Integrated Production and Performance Suite to support a new generation of industry-specific a...
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(25 November 2008)
China’s Yanglin Soybean has provided an update on its ongoing engagement with Ernst & Young in reaching full compliance with Section 404 of the Sarbanes-Oxley Act of 2002 (SOX 404)...
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(24 November 2008)
Key Technology introduces Optyx sorters designed specifically for kettle-style potato chips. Featuring a unique camera and lighting configuration to sense opacity as well as subtle...
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(10 November 2008)
The new Dickson multi-feature digital display temperature and humidity data loggers feature push-to-start and push-to-stop functions. The company says data recording is clean and e...
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(7 November 2008)
Kraft Foods has reported third-quarter 2008 results that reflected continued improvement in business fundamentals as the company executes its three-year turnaround plan. Strong org...
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(6 November 2008)
Kellogg Company has reported third-quarter 2008 sales growth of 9% and earnings per share growth of 17% driven by strong underlying business momentum. Reported net earnings for the...
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Unilever's top executives had to baracade themselves in a private dining room at the Taj Mahal hotel in Mumbai last week to prevent themselves from being shot at by terrorists. They then had to smash a window and make a dramatic escape, according to a report in The Times.
A year after unveiling its e-commerce site, Meijer will now begin offering grocery and dry good items bought in bulk from www.meijer.com. Unlike existing online grocery services that charge a delivery fee, Meijer will offer free shipping for orders of US$150 and more.
Tesco's like-for-like sales, excluding petrol, rose by just two per cent rise in the UK for the third quarter, the lowest rise in growth since 1993. However, total group sales rose 11.7 per cent
thanks to strong international performance.
Carrefour will be opening two new stores in Romania. The French retailer entered the supermarket segment in the country by acquiring the 21-store Artima chain last year for €55 million. By the end of this year, 20 Artima stores will be rebranded as Carrefour Express.
Ten Russian food retail companies have asked state banks for a total of €1.4 billion in loans to help survive the global financial crisis. The companies include X5 Retail Group, Magnit, Dixy and Seventh Continent, as well as smaller rivals Lenta, Kopeika, O'key, Holiday, Mosmart and Victoria.
The Rewe Group has been given the go-ahead to takeover 328 Plus stores from Tengelmann in Germany. The German anti-trust body, Bundeskartellamt, has unconditionally approved the acquisition by the country's second-largest food retailer.
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