(Commission File No. 1-14862 )
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___
BRASKEM S.A.
Corporate Taxpayer ID (CNPJ/MF): 42.150.391/0001-70
Publicly Held Company
NOTICE TO THE MARKET
Braskem S.A. (Braskem or Company), in accordance with CVM Rule 358/02 and complementing the information disclosed in the Material Facts dated 01/22/2010, 04/27/2010 and in the Notices to the Market dated 01/29/2010 and 05/10/2010, hereby announces that on this date the Companys management called a shareholders meeting to resolve on, among other matters, the ratification of the acquisition by the Company of a controlling interest in Quattor Participações S.A.(Quattor), in accordance with Article 256 of Federal Law 6,404/76. In view of the fact that the average acquisition price of the shares in Quattor does not surpass one and a half times the amounts described in Item II of Article 256, Braskem shareholders dissenting from the resolution approving this acquisition are not entitled to withdrawal rights.
The acquisitions by the Company of the shares representing control of Unipar Comercial e Distribuidora S.A. and of Polibutenos S.A. Indústrias Químicas will not be submitted to ratification by the meeting of Braskem shareholders, given that the studies and analyses conducted determined that that acquisition prices do not constitute a relevant investment for Braskem or meet the criteria provided for in Article 256, II of Federal Law 6,404/76.
Additional information on the matters on the agenda of the shareholders' meeting, including those required by CVM Rule 481/09, are available on the website of the Securities and Exchange Commission of Brazil - CVM (www.cvm.gov.br), of the BM&FBovespa S.A. - Securities, Commodities and Futures Exchange (www.bmfbovespa.com.br) and of the Company (www.braskem.com.br/ir).
São Paulo, November 30, 2010
Braskem S.A.
Marcela Dreamer
Chief Financial and Investor Relations Officer
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: December 01, 2010BRASKEM S.A. | |||
By: | /s/ Marcela Aparecida Drehmer Andrade | ||
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Name: | Marcela Aparecida Drehmer Andrade | ||
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 actually 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.