BASF's offer is opportunistic and undervalues Engelhard. |
In the 2006 to 2010 timeframe, the business plan calls for earnings per share growth of approximately 16.5 percent. |
Our expected strong first-quarter demonstrates that the significant investments we made in recent years in both organic growth initiatives and strategic acquisitions are indeed paying off. |
The board believes the process we've embarked on will deliver higher value to stockholders than the BASF offer. |