Engelhard

Encyclopedia : E : EN : ENG : Engelhard

Engelhard Corporation NYSE: [EC] is an international Fortune 500 and Forbes 500 company headquartered in Iselin, New Jersey. It is credited with pioneering development of the catalytic converter.

BASF recently initiated a hostile takeover for Engelhard and is expecting a final decision on the purchase by the end of April of 2006.

On May 30 2006, Engelhard was taken over by BASF after the board agreed for the takeover of BASF. BASF paid $39 per stock. The takeover volume is $5 billion.

From Wikipedia, the Free Encyclopedia. Original article here. Support Wikipedia by contributing or donating.
All text is available under the terms of the GNU Free Documentation License See Wikipedia Copyrights for details.