BASF Aktiengesellschaft announced that, through its wholly owned subsidiary, Iron Acquisition Corporation, it has extended the expiration date of its cash tender offer for all of the issued and outstanding shares of common stock of Engelhard Corporation to 5:00 p.m., New York City time, on Friday, April 14, 2006. The tender offer had previously been scheduled to expire at 5:00 p.m., New York City time, on Friday, March 17, 2006.
BASF has extended its tender offer so that it would have an opportunity to review non-public information provided by Engelhard pursuant to the terms of a confidentiality agreement BASF entered into with Engelhard.
BASF has been informed by The Bank of New York, the Depositary for the offer, that, as of 5:00 p.m., New York City time, on March 15, 2006, a total of 767,913 shares of Engelhard common stock had been tendered into the offer and not withdrawn. As a consequence of the extension of the expiration date, holders of Engelhard common stock may tender their shares until 5:00 p.m., New York City time, on Friday, April 14, 2006, unless the offer is further extended.