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Article: American Hoechst may not seal Celanese buy in '86.
- Article from:
- Daily News Record
- Article date:
- December 24, 1986
CopyrightCOPYRIGHT 1986 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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American Hoechst May Not Seal Celanese Buy in '86
SOMERVILLE, N.J. (FNS) -- American Hoechst Corp. said it may not be able to complete its acquisition of Celanese Corp. before the end of the year because it is still answering requests of the Federal Trade Commission for additional information.
Since the preferential tax treatment for capital gains will no longer be available next year, American Hoechst notes that some shareholders may want to withdraw shares tendered and sell them on the open market before year-end. As of Monday evening, American Hoechst said, 9.670,425 common shares, or 87.i per cent, of the outstanding common shares, 13,864 convertible ...