reportonbusiness.com: Purchase this article

Posted AT 7:30 AM EST on 15/09/08

BASF bids $3-billion for Ciba

EVA KUEHNEN

Reuters

FRANKFURT — � BASF has launched an agreed cash offer to acquire smaller Swiss rival Ciba for 3.4-billion Swiss francs ($3-billion U.S.), a deal that would boost its position in the speciality chemicals business. The move by the world's biggest chemicals maker on Monday follows Dow Chemical's $15.

The full text of this article has 541 words.

To continue reading this article, you will need to purchase this article.

Already have a member account? Login now

Pay-Per-View Offers To read the complete article, select one of the following options

Purchasing from globeandmail.com is quick and secure.

TSX
DJIA
S&P
Nasdaq

Market	Change	Value
Data delayed 15 minutes
S&P/TSX	-366.93	9,105.16
DJIA	-263.88	8,751.22
S&P 500	-29.03	905.67
Nasdaq	-58.50	1,593.88

Stock Profile	Sponsored by:
Profile Quote Lookup

Dividends: Most cuts in 52 years

Plus -- Bank of Canada: Down to 0.5 per cent?

Video: Emerging Markets: They're on fire, but can the rally last?

Most Popular

Rank	Headline
1.	Oil plunges on reserve report 3:15 PM 12
2.	Market gloom deepens 3:01 PM 18
3.	Cut taxes now, cut spending later, Flaherty told 12:15 PM 87
4.	India rocked by financial scandal 1:50 PM 63
5.	Air Canada's unhappy holidays 12:00 AM 173
6.	Russia completely turns off gas spigot 10:35 AM 58
7.	Hannah Montana, meet Aaron Stone 2:06 PM
8.	Oneida's North American stores get the knife 1:54 PM
9.	Time Warner to take $25-billion charge 10:11 AM 3
10.	No turning back on Fannie and Freddie, Paulson says 12:55 PM 1

Rank	Headline
1.	Polygamy charges in Bountiful 3:37 PM
2.	Oil plunges on reserve report 3:15 PM 12
3.	Market gloom deepens 3:01 PM 18
4.	Gaza: Tell us what you think 1:45 PM
5.	Cut taxes now, cut spending later, Flaherty told 12:15 PM 87
6.	India rocked by financial scandal 1:50 PM 63
7.	Air Canada's unhappy holidays 12:00 AM 173
8.	May day for Leafs 12:44 PM 27
9.	Ignatieff's inner circle starts taking shape 06/01/09 6:18 PM 180
10.	First U.S. female soldier to flee Iraq war for Canada ordered deported 12:58 PM 102

Rank	Headline
1.	The key to weight loss: portion control 10:31 AM
2.	Polygamy charges in Bountiful 3:37 PM
3.	Chinese medicinal chicken soup 9:58 AM 1
4.	Air Canada's unhappy holidays 12:00 AM 173
5.	Whey-fed, way delicious 9:05 AM 11
6.	India rocked by financial scandal 1:50 PM 63
7.	'Breasts are overrated' 12:00 AM 24
8.	Alberta resident suing Syncrude over dead ducks 1:37 PM 10
9.	First U.S. female soldier to flee Iraq war for Canada ordered deported 12:58 PM 102
10.	Oil plunges on reserve report 3:15 PM 12

Rank	Headline
364	Powder-hungry skier says he'd break the rules again 364
180	Ignatieff's inner circle starts taking shape 180
173	Air Canada's unhappy holidays 173
144	Toronto council executive backs subway extension 144

More popular news items

The Law Page


Back in the M&A world: After stints in public service, Michael Fortier rejoins Ogilvy

Globe Investor Magazine


Ten things to know about TFSAs: The nuts and bolts of these new tax-sheltered accounts -- and who benefits most from them; Related: Tax-Free Savings Account ideal as emergency backup fund

Adhocracy


Naked-naked, but in a natural way: Plus: Get jiggy

Restaurant Diary


Dine and dash: "Party math" makes large groups risky for servers

Magazine Exclusive


Peter Puck's last stand: In 2002, the former Oilers owner moved to California, leaving bailouts and ill will in his wake. For unwitting new partners in the U.S., a golden entrepreneur seemed to have swept into town 7:04 AM