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BASF offer for Ciba to close at end of month
By NEWS SYSTEM
Published: October 16th, 2008
Related tags: acquisition
In a letter dated October 15, 2008, the president of the Swiss Takeover Board has rejected a request from the Bestinver investor group to extend the offer period for the public takeover offer to shareholders of Ciba Holding AG and to supplement the Board of Directors’ Report and the Fairness Opinion (an opinion from an independent expert on the financial adequacy of the offer price). As a result, the offer period will end on October 28, 2008 (4:00 p.m. Central European Time, CET) as designated in the offer prospectus
