wsj_0032.xml
WSJ891102-0161
WSJ891102-0161
=
891102
=
891102
891102-0161
.
891102-0161
.
Montedison
Bid
for
Erbamont
Montedison
Bid
for
Erbamont
11/02/89
11/02/89
11/02/89
WALL
STREET
JOURNAL
(
J
)
WALL
STREET
JOURNAL
(
J
)
MNT
ERB
MNT
ERB
TENDER
OFFERS
,
MERGERS
,
ACQUISITIONS
(
TNM
)
DRUG
MANUFACTURERS
(
DRG
)
TENDER
OFFERS
,
MERGERS
,
ACQUISITIONS
(
TNM
)
DRUG
MANUFACTURERS
(
DRG
)
NEW
YORK
NEW
YORK
Italian
chemical
giant
Montedison
S.p.A.
,
through
its
Montedison
Acquisition
N.V.
indirect
unit
,
began
its
$
37-a-share
tender
offer
for
all
the
common
shares
outstanding
of
Erbamont
N.V.
,
a
maker
of
pharmaceuticals
incorporated
in
the
Netherlands
.
The
offer
,
advertised
in
today
's
editions
of
The
Wall
Street
Journal
,
is
scheduled
to
expire
at
the
end
of
November
.
Montedison
currently
owns
about
72
%
of
Erbamont
's
common
shares
outstanding
.
The
offer
is
being
launched
pursuant
to
a
previously
announced
agreement
between
the
companies
.