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Ciba became part of BASF in April 2009 and this website is no longer being updated. For recent news please go to BASF News & Media Relations. |
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Annual General Meeting 2009 of Ciba Holding Inc. and merger with cash compensation
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15.05.2009, Basel, Switzerland
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- Annual General Meeting on June 23, 2009
- Merger with cash compensation proposed
- Cash compensation of CHF 50 per share proposed
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The Annual General Meeting of Ciba Holding Inc. ("Ciba") will be held on June 23, 2009 in Basel, Congress Center Basel.
At the Annual General Meeting, the Board of Directors will propose to the shareholder meeting a merger with cash compensation of BASF Specialty Chemicals Holding GmbH (BASF SC) as the receiving company and Ciba as the transferring company and will ask the shareholders to approve the merger agreement signed today between the Management of BASF SC and the Board of Directors of Ciba. BASF SC is a direct subsidiary of BASF Handels- und Exportgesellschaft in Ludwigshafen, Germany, which holds 97.6% of the shares of Ciba.
Under the proposed merger agreement, the shareholders of Ciba will receive, instead of securities of BASF SC, a cash compensation of CHF 50 per Ciba share.
The merger documentation is available for inspection by the shareholders of Ciba at the premises of Ciba from May 18, 2009 on appointment with the secretary of the Board of Directors.
Invitation to the Annual General Meeting 2009 (in German only)
About Ciba Inc.
Ciba (SWX: CIBN) is a leading global company dedicated to producing high-value effects for its customers’ products. We strive to be the partner of choice for our customers, offering them innovative products and one-stop expert service. We create effects that improve the quality of life – adding performance, protection, color and strength to plastics, paper, automobiles, buildings, home and personal care products and much more. Ciba is active in more than 120 countries around the world and is committed to be a leader in its chosen markets. In 2008, the Company’s continued operations generated sales of CHF 5.9 billion and invested more than CHF 230 million in R&D.;
For further information please contact:
| Ciba Investor Relations: | Ciba Media: | |
| Tel. +41 61 636 5084 | Tel. +41 61 636 4444 | |
| Fax +41 61 636 5111 | Fax +41 61 636 3019 | |
www.ciba.com/media
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