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An Engelhard silver bar An Engelhard poured 2 oz 99.99% pure gold bar. Engelhard Corporation was an American Fortune 500 company headquartered in Iselin, New Jersey, United States. It is credited with developing the first production catalytic converter. In 2006, the German chemical manufacturer BASF bought Engelhard for US$5 billion.
The board of the Engelhard Corporation agreed to a takeover by BASF. BASF will become the world's largest manufacturer of catalytic converters. BASF will pay USD 5.0 billion for Engelhard, which translates to $39 per share.
BASF was the nominal survivor, as all shares were exchanged for BASF shares before the merger. Rubber, fuels , and coatings were added to the range of products. In 1935, IG Farben and AEG presented the magnetophon – the first tape recorder – at the Radio Exhibition in Berlin.
Ciba's board of directors agreed to a €3.4 billion takeover offer from BASF, the world's largest chemicals company, on 15 September 2008. [10] In 2009, the parent company changed the name to BASF Performance Products Limited – BASF group.
Engelhorn is the great-grandson of Friedrich Engelhorn, the founder of the German chemical company BASF. He was married with five children and lived in Gstaad, Switzerland, with other homes in Costa Brava, Spain and on the Côte d'Azur, France. [3] As of March 2016, according to Forbes, Engelhorn had a net worth of $6.2 billion. [9]
As of February 2024, the largest ever acquisition was the 1999 takeover of Mannesmann by Vodafone Airtouch plc at $183 billion ($334.7 billion adjusted for inflation). AT&T appears in these lists the most times with five entries, for a combined transaction value of $311.4 billion. Mergers and acquisitions are notated with the year the ...
Wintershall Holding GmbH, based in Kassel, was Germany's largest crude oil and natural gas producer. It was a wholly owned subsidiary of BASF.The company was active in oil and gas exploration and production with operations in Europe, North Africa, South America as well as Russia and the Middle East region.
Basell Polyolefins was a joint venture between BASF and Royal Dutch Shell. Leonard Blavatnik 's Access Industries acquired it from the venturers for $5.7 billion in August 2005. [ 1 ] In 2007, Basell merged with the privately owned US company Lyondell Chemical Company to form LyondellBasell , which went bankrupt in the US in January 2009, and ...