BASF continues with its $4.9-bn offer for Engelhard
Berlin: BASF, the German chemicals company, is continuing with its $4.9bn takeover offer for US speciality chemicals company Engelhard but has not yet decided whether it will revise its bid. Engelhard has been resisting the hostile $37 per share offer from BASF, which the Ludwigshafen-based company made in January.

BASF's tender offer, scheduled to expire on Friday, now has been extended until April 28, the company said. This is the fourth time the offer has been prolonged. As of Friday, 654,180 Engelhard shares had been tendered, BASF added.
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Microsoft & Lenovo sign agreement to pre-install Windows
Washington: Lenovo and Microsoft have signed an agreement to pre-install the Windows operating system on Lenovo's computers made in China. The agreement is expected to result in $1.2bn in sales of Microsoft's Windows operating system software over the next 12 months.

The formal signing of the November agreement comes a day before Chinese President Hu Jintao comes to Seattle and tours the software giant's headquarters and has dinner at the Gates' residence.

Three other Chinese PC manufacturers have announced plans to buy a total of over $400 million worth of Windows operating system software. The agreements follow a Chinese government decree that requires all PCs made in China to have licensed operating software installed before leaving the factory as part of the government's efforts to crack down on piracy.
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