Ciba Specialty Chemicals Lists On New York Stock Exchange.Business Editors BASEL, Switzerland--(BUSINESS WIRE)--August 2, 2000 Global Leader in Specialty Chemicals Offers a Strong, Focused Portfolio of Products Ciba Specialty Chemicals “Ciba” redirects here. For the pre-1971 company, see Novartis. Ciba Specialty Chemicals is a chemical company based in and near Basel, Switzerland. It was formed as the non-pharmaceuticals elements of Novartis were spun out in 1997, following the merger in the will list its shares on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE NYSE See: New York Stock Exchange ) today. The stock will trade under the NYSE symbol CSB CSB Kashubian (SIL code, Poland) CSB Chemical Safety and Hazard Investigation Board CSB Chemical Safety Board (Washington, DC) CSB Community Services Board CSB Computational Systems Bioinformatics . Ciba Specialty Chemicals is a leading global company producing a broad range of specialty chemicals that add value to customers' final products by delivering unique effects such as added strength, protection, color and performance. The Company offers one of the strongest and most focused portfolios of products in the industry and a strong track record of innovation. "Listing on the New York Stock Exchange demonstrates the importance that Ciba places on the U.S. market," said Rolf Meyer, Chairman and Chief Executive Officer of Ciba Specialty Chemicals. "As a leading specialty chemicals company, we want to list on the New York Stock Exchange, the world's largest capital market, expand our shareholder base and have easier access to U.S. financing." Dr. Meyer added that Ciba has a strong, focused portfolio: "We are on track to meet our financial targets for 2000." "We are pleased to welcome Ciba Specialty Chemicals, which offers one of the widest product portfolios in its industry, to the NYSE family," said NYSE Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Richard A. Grasso. "With its listing, Ciba joins the ranks of the world's premier companies whose shares are traded by investors worldwide." Investors in the U.S. will now be able to directly trade American Depository Shares (ADSs) of the Company in US-Dollars. The ADS's are issued by Citibank. Each ADS represents one half of one ordinary share. The ordinary shares of Ciba Specialty Chemicals are listed on the Swiss Exchange, the Company's principal trading market, and are also quoted on the SEAQ SEAQ See: Stock Exchange Automated Quotation System International, the London Stock Exchange's automated quotation system for non-U.K. equity securities. Ciba Specialty Chemicals (SWX SWX Swiss Exchange (trademark of SWX Swiss Exchange) SWX SolidWorks (3D solid modeling CAD software) SWX Splitter / Wave Division Multiplexer :CIBN, NYSE: CSB) is a leading company dedicated to producing high-value effects for our customers' products. Our specialty chemicals, added in small quantities, enhance the performance, look and feel of the final product. Business success is driven by our long-term strategy of innovation and continuous operational improvements. Ciba brings new and creative thought to the processes and products of our customers in more than 120 countries. Ciba generated sales of $6 billion (CHF CHF In currencies, this is the abbreviation for the Swiss Franc. 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. 9 billion in 1999) and spent $200 million (CHF300 million) on R&D to foster innovation across the Company. Internet website: www.cibasc.com |
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