BASF closes Public Tender Offer for Ciba
On April 9, 2009, BASF Handels- und Exportgesellschaft mbH, Ludwigshafen, Germany, successfully closed the public tender offer for all publicly held shares of Ciba Holding AG, Basel, Switzerland. After the settlement of the offer, BASF holds 97.57% of all Ciba shares.
BASF SE is being advised by Lenz & Staehelin in this transaction. The team is led by Rudolf Tschäni and Hans-Jakob Diem and comprises Tino Gaberthüel, Sandra Zweifel, Philipp Jermann, Roman Bruhin and Jacques Iffland (all corporate), Marcel Meinhardt and Daniel Hufschmid (antitrust) and Pascal Hinny (tax).