UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 14A

 

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CHIRON CORPORATION

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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 RESPONSE TO VALUEACT LETTER

 

EMERYVILLE, Calif., March 15, 2006 — Chiron Corporation (NASDAQ: CHIR) today issued the following statement in response to a letter received today from ValueAct Capital:

 

We continue to believe that ValueAct should want to meet with Chiron’s independent directors and management team to fully understand the serious challenges facing the Company and to gain a realistic perspective on our future prospects.  Our independent directors and management team continue to strongly recommend the Novartis transaction and believe that it represents a full and

fair price and is a superior alternative for Chiron’s public stockholders to Chiron remaining a standalone company.

 

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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