6-K UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
August 6, 2007
BASF AKTIENGESELLSCHAFT
(Exact name of Registrant as Specified in its Charter)
BASF CORPORATION
(Translation of Registrant's name into English)
Carl-Bosch-Strasse 38, LUDWIGSHAFEN, GERMANY 67056
(Address of Principal Executive Offices)
Indicate by check mark whether the
Registrant files or will file
annual reports under cover Form
20-F or Form 40-F
Form 20-F X Form 40-F
Indicate by check mark whether the Registrant by
furnishing the information contained in this Form
is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes No X
If "Yes" is marked, indicate below the file number assigned to the
Registrant in connection with Rule 12g3-2(b): 82- .
July 30, 2007
P 350/07e
Daniel Smith
Phone: +49 621 60-20829
Fax: +49 621 60-92693
daniel.smith@basf.com
BASF Aktiengesellschaft
67056 Ludwigshafen, Germany
Phone:+49 621 60-0
http://www.basf.com
Corporate Media Relations
Phone: +49 621 60-20916
Fax:: +49 621 60-92693
presse.kontakt@basf.com
BASF to delist from New York Stock Exchange
>> Complexity and costs reduced
>> High level of disclosure maintained
>> BASF management committed to an open dialogue with U.S. investors
BASF Aktiengesellschaft announced today (July 30, 2007) that its Board of
Executive Directors has decided to file for voluntary delisting of its ADSs
(American Depositary Shares) from the New York Stock Exchange (NYSE) and
deregistration and termination of its reporting obligations under the Securities
and Exchange Act of 1934 (Exchange Act).
BASF expects the delisting to become effective on September 6, 2007, at which
time the company's ADRs (American Depositary Receipts) will no longer be traded
on the NYSE. BASF intends to maintain its ADR program in order to enable
investors to retain their ADRs, as well as to facilitate trading in the U.S.
over-the-counter market. This means that investors do not need to exchange their
ADRs, unless they are restricted to investments in registered securities.
BASF's ordinary shares will continue to be traded on the stock exchanges in
Frankfurt, London and Zurich. The large majority of BASF shareholders, including
U.S. investors, buy the company's shares in the primary trading market in
Frankfurt or on the electronic trading platform Xetra.
Page 2 P 350/07e
"Our decision to delist from the New York Stock Exchange underlines BASF's
continuous efforts to reduce complexity and costs," said Dr. Jurgen Hambrecht,
Chairman of the Board of Executive Directors of BASF Aktiengesellschaft. "BASF's
senior management remains committed to maintaining an open dialogue with U.S.
investors."
Despite the delisting, BASF will maintain the high level of disclosure expected
by the international financial markets. For example, information reported in the
Annual Report on Form 20-F which is important to analysts and investors will be
integrated into BASF's financial reporting according to IFRS.
BASF has provided written notice to the NYSE today of its intent to delist and
plans to file a Form 25 with the SEC on or about August 27, 2007, to initiate
the delisting. BASF expects that the delisting will be effective ten days after
such filing. BASF intends to file a Form 15F with the SEC to deregister and
terminate its reporting obligations under the Exchange Act after the delisting
has become effective. BASF reserves the right to delay or withdraw the filings
for any reason prior to their effectiveness.
BASF has not arranged for the listing of its ADSs or ordinary shares on another
national securities exchange or for the quotation of its ADSs or ordinary shares
on a quotation system in the United States.
Page 3 P 350/073
BASF is the world's leading chemical company: The Chemical Company. Its
portfolio ranges from chemicals, plastics, performance products, agricultural
products and fine chemicals to crude oil and natural gas. As a reliable partner
to virtually all industries, BASF's high-value products and intelligent system
solutions help its customers to be more successful. BASF develops new
technologies and uses them to meet the challenges of the future and open up
additional market opportunities. It combines economic success with environmental
protection and social responsibility, thus contributing to a better future. BASF
has approximately 95,000 employees and posted sales of (euro)52.6 billion in
2006. BASF shares are currently traded on the stock exchanges in Frankfurt
(BAS), London (BFA), New York (BF) and Zurich (AN). Further information on BASF
is available on the Internet at www.basf.com.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report to be signed on its behalf by the
undersigned, thereunto duly authorized.
BASF Aktiengesellschaft
August 6, 2007 By: /s/ Elisabeth Schick
------------------------------------
Name: Elisabeth Schick
Title: Director Site Communications
Ludwigshafen and Europe
By: /s/ Christian Schubert
------------------------------------
Name: Christian Schubert
Title: Director Corporate
Communications BASF Group