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The Japanese company has extended tender offers four times and has bid $60 a share.
DealBook » Icahn Raises Stake in CVR Energy | Carl C. Icahn said he had built up an 80 percent stake in CVR Energy through an extended tender offer, still short of the 90 percent he needs to complete a short-form merger under Delaware law, Reuters reports.
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Weyerhaeuser, which has said it will withdraw its bid if it loses the shareholder vote, extended its tender offer, for $50 a share, until June 28.
Bausch & Lomb also extended its tender offer to May 31.
German chemical company BASF said on Monday it had extended its tender offer for Engelhard of New Jersey.
In fact, Apollo already announced Thursday that it had extended its tender offer to expire on April 20 instead of April 10.
Last week, Sanofi extended its tender offer to Feb. 15, after only 0.4 percent of Genzyme shares had agreed to the plan.
It also announced that it had extended its tender offer for PeopleSoft stock by four weeks, to Aug. 15.
The oil ministry has twice extended a tender for an area south of the Yasuní because no companies bid.There are two alternatives to drilling in the Yasuní.
* Archive Corp., Costa Mesa, Calif., a maker of computer tape drives, said it had extended its tender offer for Cipher Data Products Inc., San Diego, a maker of magnetc tape drives, until March 29.
General Dynamics extended its tender offer for all outstanding shares of common stock of Newport News Shipbuilding Inc. to midnight this Friday, the company said yesterday.
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