Celanese Corporation Announces Extension of the Expiration Date of the Subsequent Acceptance Period for the Mandatory Offer for Celanese AG Shares.DALLAS -- Celanese Corporation (NYSE NYSE See: New York Stock Exchange :CE) announced the further extension of the subsequent acceptance period of the mandatory offer by Celanese Europe Holding GmbH & Co. KG (formerly known as BCP BCP Best Current Practice(s) BCP Business Continuity Planning BCP Business Continuity Plan BCP Book of Common Prayer BCP Banco Comercial Português BCP Bureau of Consumer Protection (US Federal Trade Commission) Crystal Acquisition GmbH & Co. KG), a subsidiary of Celanese Corporation, to all Celanese AG shareholders to acquire all their Celanese AG shares at the offer price of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 41.92 per Celanese AG share, in cash, plus interest, upon the terms and conditions set forth in the Offer Document, to continue until February 1, 2007, 12:01 a.m. New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, 6:01 a.m. Central European Time Central European Time Noun the standard time adopted by Western European countries one hour ahead of Greenwich Mean Time, corresponding to British Summer Time Abbrev: (CET) , due to the ongoing award proceedings (spruchverfahren) by dissenting shareholders. No shares tendered during the subsequent acceptance period may be withdrawn after tender. Shareholders should note that the subsequent acceptance period of the mandatory offer may be further extended beyond February 1, 2007, 12:01 a.m. New York City time, 6:01 a.m. Central European Time, as a result of the continuation of such award proceedings and such extension may continue until such date which is two months after the date on which the final decision on the last motion ruled on such proceedings has been announced in the Federal Gazette (Bundesanzeiger). Shareholders should also be aware of the higher cash compensation contemplated by the squeeze out transaction described in the Supplement, dated April 14, 2006, to the Going Private Disclosure Document, dated July 6, 2005. Celanese Europe Holding GmbH & Co. KG currently owns approximately 98.2% of the total outstanding shares. Since our last extension, a total of approximately 110 shares have been tendered. As a global leader in the chemicals industry, Celanese Corporation makes products essential to everyday living. Our products, found in consumer and industrial applications, are manufactured in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and Asia. Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight totaled $6.1 billion in 2005, with approximately 60% generated outside of North America. Known for operational excellence and execution of its business strategies, Celanese delivers value to customers around the globe with innovations and best-in-class technologies. Based in Dallas, Texas, the company employs approximately 9,300 employees worldwide. For more information on Celanese Corporation, please visit the company's website at www.celanese.com. |
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