UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 14A

 

Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934

 

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CHIRON CORPORATION

(Name of Registrant as Specified In Its Charter)

 

 

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Chiron Corporation

 

4560 Horton Street

 

Emeryville, California 94608-2916

 

510.655.8730 Fax 510.655.9910

 

 

 

 

 

News Release

 

For Immediate Release

 

Contacts:

Chiron Corporate Communications &

Investor Relations

Media:

(510) 923-6500

Investors:

(510) 923-2300

 

 

 

CHIRON STATEMENT ON RECOMMENDATIONS BY PROXY ADVISORY SERVICES

 

EMERYVILLE, Calif., March 30, 2006Chiron Corporation (NASDAQ: CHIR) today noted that two proxy advisory services have reached opposite conclusions regarding their voting recommendations to Chiron shareholders in connection with the proposed acquisition of Chiron by Novartis AG (NYSE: NVS).  A special meeting of Chiron shareholders will be held on April 12, 2006, to vote on the acquisition.

Proxy Governance, an independent proxy advisory firm, has recommended that Chiron shareholders vote in favor of the acquisition, while Institutional Shareholder Services, another independent proxy advisory firm, has recommended voting against the acquisition.

Chiron’s independent directors unanimously recommend that Chiron shareholders vote for the Novartis acquisition.  They believe it delivers full and fair value for the Company and is a better alternative for Chiron’s public shareholders than if Chiron were to remain a standalone entity.

 

About Chiron

 

Chiron delivers innovative and valuable products to protect human health by advancing pioneering science across the landscape of biotechnology. The company works to deliver on the limitless promise of science and make a positive difference in people’s lives. For more information about Chiron, please visit www.chiron.com.

 

 

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