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2009-08-25 | permalink
BASF chief says hostile takeover bid possible
The head of Germany’s BASF, the world’s top chemicals group, said on Sunday a hostile takeover bid for his troubled company was possible but added that the firm was preparing defensive measures. ”Certainly an attack is possible, there is no question about it,” Juergen Hambrecht, chief executive officer, told business weekly Wirtschaftswoche in an interview due to appear tomorrow. ”Our shares have been widely scattered. But like other companies, we have already considered the possibility and drawn up a defensive plan with the help of advisors,” Hambrecht said.
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2009-08-25 | permalink
BASF chief says hostile takeover bid possible
The head of Germany’s BASF, the world’s top chemicals group, said on Sunday a hostile takeover bid for his troubled company was possible but added that the firm was preparing defensive measures. ”Certainly an attack is possible, there is no question about it,” Juergen Hambrecht, chief executive officer, told business weekly Wirtschaftswoche in an interview due to appear tomorrow. ”Our shares have been widely scattered. But like other companies, we have already considered the possibility and drawn up a defensive plan with the help of advisors,” Hambrecht said.
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