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Article: AHP AGREES TO SELL CYANAMID CROP UNIT

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The Record (Bergen County, NJ)
Article date:
March 22, 2000
Author:
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DAVID SHOOK, Staff Writer
The Record (Bergen County, NJ)
03-22-2000
AHP AGREES TO SELL CYANAMID CROP UNIT -- BASF DEAL PUT AT $3.8B IN CASH, DEBT

By DAVID SHOOK, Staff Writer
Date: 03-22-2000, Wednesday
Section: BUSINESS
Edition: All Editions -- Four Star B, Three Star B, Two Star P, One Star B

Six years after the drug maker American Home Products wrested
control of American Cyanamid in Wayne, AHP has agreed to sell the crop
protection company to Europe's largest chemical manufacturer, BASF, for
$3.8 billion in cash and debt assumption.

The acquisition by Germany's BASF lifts a burden off the shoulders
of Madison-based AHP, the world's ninth-largest drug maker. Cyanamid,
which abandoned its ...

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