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Engelhard-ball

22 May 2006 By Nina Koeppen

It upped its bid for the US catalyst maker to $39 a share and made it final. An extra $1 may not sound like much, but it may do the trick. Investors don t seem convinced by Engelhard s defence plan a $1.2bn share buyback. And there is no white knight to trump BASF s offer.

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