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January 9th, 2006
More Big 2005 Nanotech News
Jack Uldrich: On Jan. 3, BASF (NYSE: BF) announced that it had tendered a $4.9 billion bid to purchase the American specialty chemical company Engelhard (NYSE: EC). For BASF, the deal made a lot of sense for several reasons, including increased exposure to the U.S. market.
One aspect of the deal which analysts have so far overlooked is Engelhard's status as a major manufacturer of nanomaterials.
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