FINE CHEMICALS: DEGUSSA SELLS RAYLO CHEMICALS AND ESTABLISHES A LONG-TERM SUPPLY PARTNERSHIP WITH GILEAD SCIENCES

Degussa AG of Dusseldorf, Germany today announced that the company has signed a definitive agreement under which Gilead Sciences, Inc., of Foster City, California plans to acquire Degussa's subsidiary Raylo Chemicals Inc. with its assets at the Clover Bar site. Under the terms of the agreements and subject to certain closing conditions, Gilead will pay approximately 115 million euros to Degussa.

Finanznachrichten.de (http://www.finanznachrichten.de/nachrichten-2006-06/artikel-6529268.asp)