Thursday, 12 July 2007

Basell bows out on Huntsman, clearing Apollo's path

(Reuters) - Huntsman said on Friday the Apollo bid was a higher offer and had given Basell until Wednesday to make a counter offer.




Apollo raised its offer again on Monday of this week to $28 per share from its previous offer of $27.25 per share even though Basell had not yet responded to their first bid. Basell had offered $25.25 per share.


Read more at Reuters.com Bonds News

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