BASF closes unsolicited offer for Engelhard

One Equity buys chemical business from Phelps Dodge

BP sells its petrochemicals business to INEOS for $9B

Kerr-McGee to carve-out its chemical business

DuPont subpoenaed by Department of Justice

• Over PFOA, used in making Teflon nonstick coatings
• Press release 5.20.05

The Dow Chemical Company

E I  Du Pont De Nemours & Company

Monsanto Company

German chemical company makes $4.9B offer

• Target is leading supplier of catalysts and surface finishing
• BASF first offered $37 per share 1.03.06

• Engelhard found this offer inadequate 1.24.06

• Increased to $38 4.19.06

• Slide presentation

• Closed at $39
• Engelhard pursues leveraged recapitalization 4.25.06
  To self-tender for 20% of its common at $45 per share
  Will increase its board from six to nine

• Slide presentation
• Schedule 14D-9 amendment
• Merrill Lynch inadequacy opinion
• $1.5B debt commitment letter
• Files preliminary proxy statement (Annual meeting)

• BASF maintains its offer is superior 4.26.06

• Press release

• BASF extends offer at $38 per share 5.01.06

• Offer open until 6.05.06
• Press release

Advisors

Announced 1.03.06

Closed 6.12.06

Schedule TO filings

Schedule 14D-9 fillings

SEC_CODE_REF_0090001192884

Englehard adopts severance arrangements 1.18.06

Phelps Dodge sells Columbian Chemicals subsidiary

• Maker of rubber and industrial carbon-black products

Sold to

• One Equity Partners (JPMorgan Chase affiliate)
• DC Chemical, a Korean chemical manufacturer

Announced 11.17.05

• Form 8-K summary

BP plc sells its petrochemicals business to INEOS

• For $9 billion
• Dropping plans for an IPO
• INEOS becomes world's fourth largest
  independent petrochemicals company

Announced 10.07.05

• BP Form 6-K

Closed 12.16.05

• BP Form 6-K

Filed for IPO

• Form S-1 9.12.05
• Withdrawn 10.10.05

First step to complete spin-off of chemical business

• Company website

Advisors

SEC Filings

Filed agreements

Exhibits

Industries

Environmental Liabilities