M&A Activity • Aug 13, 2007
M&A Activity
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Ad-hoc | 13 August 2007 07:37
Henkel KGaA:Henkel signs back-to-back agreement with Akzo Nobel
Henkel KGaA / Miscellaneous/Miscellaneous
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
In addition to our notifications of July 30 and August 6, 2007 we hereby
notify that following approval of the Shareholders’ Committee of Henkel
KGaA, Düsseldorf, Henkel and Akzo Nobel N.V., Arnhem, The Netherlands, have
signed an agreement on a back-to-back transaction on August 13, 2007. Under
the terms of this agreement, Henkel will acquire the adhesives and
electronic materials businesses of National Starch and Chemical Company,
Bridgewater, N.J., USA. National Starch is a subsidiary company of ICI plc,
London, UK. The back-to-back transaction is conditional on the successful
completion of the takeover of ICI by Akzo Nobel.
The transaction value amounts to 2.7 GBP (close to 4 billion euros). The
adhesives/electronic materials business of National Starch had sales of
1.26 billion GBP (approx. 1.85 billion euros) in 2006.
Henkel KGaA
DGAP 13.08.2007
Language: English
Issuer: Henkel KGaA
Henkelstr. 67
40191 Düsseldorf
Deutschland
Phone: +49 (0)211 797-3937
Fax: +49 (0)211 798-2863
E-mail: [email protected]
Internet: www.henkel.de
ISIN: DE0006048432
WKN: 604843
Indices: DAX
Listed: Amtlicher Markt in Berlin, Frankfurt (Prime Standard),
Hannover, München, Hamburg, Düsseldorf, Stuttgart;
Terminbörse EUREX
End of News DGAP News-Service
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