World News and Views :: Top of the News
BASF Nears Deal for Cognis
7:22 AM MDT | June 22, 2010 | Natasha Alperowicz
BASF is close to buying Cognis for €3.3 billion ($4 billion), according to press reports. The company reportedly secured the deal after owners, private equity firm Permira and Goldman Sachs Capital Partners rejected a higher buyout offer from Lubrizol Corp. BASF was reportedly granted preferred status during the bidding process because the owners regarded the deal as a more likely to close and its funding as more secure compared to Lubrizol's. Lubrizol reportedly made a bid worth about €3.2 billion, including assumed debt, for Cognis. Reports surfaced...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee