06/02/2010

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BASF in talks to acquire Cognis

BASF and Cognis' owners Permira and Goldman Sachs Capital Partners have agreed terms on the price and on the main conditions of the deal, the newspaper said, citing people familiar with the talks. The Ludwigshafen-based German company may pay between EUR 3 - 3.5 billion for Cognis, it was said. However, an official announcement should not be expected before mid-June because BASF plans to carry out final checks as part of a "confirmatory due diligence", the paper added.

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