BASF’s Shift to Specialties Continues with Bid for Ciba

BASF plans to buy Ciba Specialty Chemicals in the latest M&A deal of a rapidly consolidating specialties market. BASF has made a SF50/share cash offer to Ciba’s shareholders, which values Ciba at SF3.4 billion ($3 billion) or SF6.1 billion including debt and pensions. The two companies have signed a transaction agreement, and Ciba’s board has recommended the offer to its shareholders. The merged company would have pro forma sales of almost €62 billion/year ($87.9 billion), as well as 160 major sites and 108,000 employees. BASF expects to...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers