UPDATE 1-Engelhard expected to accept BASF buyout offer-WSJ


(Adds no BASF no comment) NEW YORK, May 30 (Reuters) - U.S. catalyst maker Engelhard is expected to accept a buyout offer from BASF after the German chemicals group raised its bid last week, the Wall Street Journal said in a report on its Web site on Tuesday. The deal, which could still fall apart, is expected to be announced as early as Tuesday, the Journal reported, citing unnamed sources. Last week, BASF raised its offer by $1 to $39 per share and warned it would abandon the offer ...

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