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Article: U.S. Federal Trade Commission authorizes action against the consummation of tender offer by American Hoechst Corp. for all the outstanding shares of Celanese Corp.
- Article from:
- PR Newswire
- Article date:
- January 15, 1987
CopyrightCOPYRIGHT 1987 PR Newswire Association LLC. 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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>R F % TO BUSINESS DESK:
AMERICAN HOECHST TO EXTEND TENDER OFFER FOR CELANESE
SOMERVILLE, N.J., Jan. 14 /PRNewswire/ -- American Hoechst Corp. today announced that it has been advised that the Federal Trade Commission has authorized an action seeking a preliminary injunction against the consummation of the tender offer by American Hoechst for all the outstanding shares of Celanese Corp. stock.
In order to forestall such action by the FTC, American Hoechst has agreed to extend its tender offer and will commence discussions with the FTC aimed at resolving this matter.
Accordingly, although American Hoechst said it is disappointed ...