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FTC Approves BASF’s Acquisition of Ciba
5:55 PM MDT | April 2, 2009 | Kara Sissell
BASF says it has received FTC approval for its planned acquisition of Ciba Specialty Chemicals and that it expects to complete the deal on April 9. The approval was conditioned on BASF agreeing to divest the pigments bismuth vanadate and indanthrone blue within six months. The European Union also required disposal of these assets, in addition to several other product lines (CW, March 16/23, p.9). BASF says that Sabo (Bergamo, Italy) has agreed to acquire Ciba’s Chimassorb 119 FL light stabilizers, another product line that the EU required BASF to...
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