OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of October, 2007
(Commission File No. 1-14862 )
Camacari, Bahia - CEP 42810-000 Brazil
Form 20-F ___X___ Form 40-F ______
in paper as permitted by Regulation S-T Rule 101(b)(1). _____
in paper as permitted by Regulation S-T Rule 101(b)(7). _____
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___
PUBLIC OFFER TO ACQUIRE COPESUL SHARES IS SUCCESSFUL
São Paulo, October 5, 2007 - BRASKEM S.A. (BOVESPA: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the leading company in the thermoplastic resins industry in Latin America and third largest Brazilian industrial company owned by the private sector, announces the results of the Public Offer to Acquire Common Shares in Companhia Petroquímica do Sul (“Copesul”).
Braskem acquired 34,040,927 common shares of Copesul, representing 98.63% of the shares enrolled to participate in the offer made today, for R$ 38.02 (thirty-eight reais and two cents) per share. Financial settlement of the transaction will occur on October 10, 2007, with total disbursement of around R$ 1.3 billion.
Pursuant to legislation, after verifying compliance with the rules governing the Offer, the Brazilian Securities and Exchange Commission (CVM) will proceed with the cancellation of Copesul’s registration on the stock exchange. Until the effective delisting of the company, which should occur within 15 (fifteen) days from the receipt by the CVM of the communication from the São Paulo Stock Exchange (Bovespa) about the results of the offer, the Copesul shares will remain listed on the Bovespa.
Over the next 3 (three) months, the remaining shares may be acquired by the Company, as per the Notice for the Public Offer to Acquire Common Shares of Copesul, published on August 14, 2007. In addition, given that Copesul float is less than 5% (five percent), the board of directors of Copesul will call a general meeting of shareholders to deliberate on the redemption of these shares at the price offered at the public share offer.
According to Carlos Fadigas, Braskem’s CFO an Investor Relations Director, “the successful outcome of the offer represents an important step forward in the consolidation of the petrochemical assets of the Ipiranga Group and confirmed Braskem’s commitment to transparency and value creation for all shareholders, given the fact that shareholders considered the offer value fair and therefore accepted it”.
| Braskem, a world-class Brazilian petrochemical company, is the leader in the thermoplastic resins segment in Latin America, and is the third largest Brazilian industrial company owned by the private sector. The company operates 18 manufacturing plants located throughout Brazil, and has an annual production capacity of more than 10 million tons of petrochemical and chemical products. |
Forward-Looking Statement Disclaimer for U.S. Securities Law Purposes
This press release contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are only predictions and are not guarantees of future performance. Investors are cautioned that any such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the operations and business environments of Braskem and its subsidiaries that may cause the actual results of the companies to be materially different from any future results expressed or implied in such forward-looking statements.Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the risks and uncertainties set forth from time to time in Braskem reports filed with the United States Securities and Exchange Commission. Although Braskem believes that the expectations and assumptions reflected in the forward-looking statements are reasonable based on information currently available to Braskem management, Braskem cannot guarantee future results or events. Braskem expressly disclaims a duty to update any of the forward-looking statements.
| For further information visit our website at www.braskem.com.br/ri or contact the IR team: | ||||
| Luciana Ferreira | Luiz Henrique Valverde | Silvio Nonaka | ||
| IR Manager | IRO | IR Manager | ||
| Phone: (+55 11) 3443 9178 | Phone: (+55 11) 3443 9744 | Phone: (+55 11) 3443 9471 | ||
| luciana.ferreira@braskem.com.br | luiz.valverde@braskem.com.br | silvio.nonaka@braskem.com.br | ||
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: October 05, 2007
| BRASKEM S.A. | |||
| By: | /s/ Carlos José Fadigas de Souza Filho | ||
| Name: | Carlos José Fadigas de Souza Filho | ||
| Title: | Chief Financial Officer | ||
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.