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CYANAMID AND SHELL REACH AGREEMENT ON CYANAMID'S PURCHASE OF SHELL'S CROP PROTECTION BUSINESSES

 WAYNE, N.J., Aug. 26 /PRNewswire/ -- American Cyanamid Company (NYSE: ACY) and The Shell Petroleum Company announced today that an agreement in connection with the sale of Shell Companies' crop protection businesses to Cyanamid has now been signed. The terms of the agreement were not disclosed.
 Further arrangements will be pursued between the local Shell and Cyanamid companies and will be subject, where applicable, to necessary local company, government and European Commission approvals.
 The agreement involves all of Shell Companies' crop protection products, related intellectual property rights and all marketing activities. Is also includes part of Shell's manufacturing site at Paulinia, Brazil; the biosciences research center at Schwabenheim, Germany; a major formulations facility in Genay, France; and certain formulation sites around the world.
 A high priority issue is the future prospects for employees engaged in the crop protection businesses of Shell and Cyanamid.
 "We are very pleased to have reached this important agreement with Shell," said William J. Murray, Cyanamid's group vice president of agricultural products. "Now we can finalize arrangements with Shell's operating companies."
 "Once we conclude the necessary operating company agreements and receive governmental approvals, we plan to swiftly integrate the Shell crop protection business with our own," Murray added.
 The acquisition would enable Cyanamid to realize substantial synergies in its strategically important crop protection business. It will also gain a presence in the foliar insecticide and fungicide markets, an enhanced global infrastructure and a promising research pipeline to complement its own.
 "We are confident that we can achieve excellent financial returns on this acquisition," Murray noted. "Shell's crop protection business will provide us with a much stronger presence in many important geographic markets and includes an organization that has proven itself capable of handling a wide variety of products. We believe this holds tremendous promise for Cyanamid as well as our customers in the global agricultural community."
 With this acquisition, Cyanamid will become the sixth largest global crop protection company, up from its present position as number 10. Shell's sales of crop protection products were approximately $700 million in 1992.
 Cyanamid is a research-based life sciences company which discovers and develops medical, agricultural and chemical products and manufactures and markets them in more than 135 countries.
 -0- 8/26/93
 /CONTACT: Charlotte D. Cuff, 201-831-2172, or Nicholas B. Kalm, 201-831-3877, both of Cyanamid/
 (ACY)


CO: American Cyanamid Company; The Shell Petroleum Company ST: New Jersey IN: CHM AGR SU: TNM

LG-MS -- NY011 -- 6035 08/26/93 09:19 EDT
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Publication:PR Newswire
Date:Aug 26, 1993
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