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Article: American Hoechst Corp. signs agreement with the FTC regarding American's tender offer for all the shares of Celanese Corp.
- Article from:
- PR Newswire
- Article date:
- February 20, 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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SOMERVILLE, N.J., Feb. 20 /PRNewswire/ -- American Hoechst Corporation today announced that it has entered into an agreement with the Federal Trade Commission (FTC) that will permit the consummation of American Hoechst's tender offer for all the shares of common stock, convertible preference stock and 7 percent second preferred stock of Celanese Corporation and the subsequent merger of the two companies.
The agreement, which will not become final until after the expiration of the period provided by law for public comment, provides for the divestiture of certain polyester textile fiber assets and businesses. Pending the completion of such divestitures, all of ...