Celanese Europe Holding GmbH & Co. KG Announces Extension of the Subsequent Acceptance Period.KRONBERG, Germany -- The Limited Offer by Celanese Europe Holding GmbH & Co. KG to all Celanese AG shareholders to acquire all their Celanese AG shares at the increased 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. 51.00 per Celanese AG share, in cash, plus interest, and the related offer of increased cash compensation for Celanese AG shareholders who previously tendered Celanese AG shares in the mandatory offer, in each case upon the terms and conditions set forth in the Offer Document as supplemented by the Supplement, has expired at 6.01h Central European Summer Time Central European Summer Time (CEST) is one of the names of UTC+2 time zone, 2 hours ahead of Coordinated Universal Time. It is used as a summer daylight saving time in most European and some North African countries. During the winter, Central European Time (UTC+1) is used. , 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 on September 29, 2005. The subsequent acceptance period of the mandatory offer by Celanese Europe Holding GmbH & Co. KG to all Celanese AG shareholders to acquire all their Celanese AG shares at the offer price of EUR 41.92 per Celanese AG share, in cash, plus interest, upon the terms and conditions set forth in the Offer Document has been extended to be in compliance with German law, due to the pendency Pend´en`cy n. 1. The quality or state of being pendent or suspended. 2. The quality or state of being undecided, or in continuance; suspense; as, the pendency of a suit s>. of award proceedings relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the mandatory offer. The subsequent acceptance period is now scheduled to expire on December 1, 2005 at 12:01 a.m. New York City 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) , unless otherwise further extended to be in compliance with German law. The mandatory offer is required by Section 305 of the German Stock Corporation Act in connection with the domination and profit and loss transfer agreement between Celanese Europe Holding GmbH & Co. KG and Celanese AG. As described in the Offer Document relating to the mandatory offer and the amendments thereto, the consideration offered in the subsequent acceptance period is EUR 41.92 per Celanese AG share, in cash, plus interest, upon the terms and conditions set forth in the Offer Document. No shares tendered during the subsequent acceptance period may be withdrawn after tender. Celanese Europe Holding GmbH & Co. KG is a German limited partnership controlled by Celanese Corporation, a Delaware corporation. Celanese Corporation (NYSE NYSE See: New York Stock Exchange :CE) is an integrated global producer of value-added industrial chemicals based in Dallas, Texas. The Company has four major businesses: Chemicals Products, Technical Polymers Ticona, Acetate Products and Performance Products. Celanese has production plants in 13 countries in North America, Europe and Asia. In 2004, Celanese Corporation and its predecessor had combined 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 of $5.1 billion. The presentation of combined net sales of Celanese Corporation including a reconciliation of the combined net sales, please visit the company's website at www.celanese.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion