Evonik rejected BASF’s ~€22.15-a-share bid (€10.3bn equity) as too low for talks or due diligence; shares rose Monday after BASF fell 3.6% when the approach surfaced.

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Facts from Wikidata (CC0). Image by Evonik Industries AG via Wikimedia Commons (Public domain).

Evonik Industries

stock-listed German speciality chemicals company

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Evonik Industries· Business · 9 sources · 9hStory

Evonik reportedly rejects €10.3 billion BASF bid

Evonik rejected BASF’s ~€22.15-a-share bid (€10.3bn equity) as too low for talks or due diligence; shares rose Monday after BASF fell 3.6% when the approach surfaced.

Business· 9h

Facts from Wikidata (CC0). Image by Evonik Industries AG via Wikimedia Commons (Public domain).

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About Evonik Industries

Evonik Industries AG is a publicly listed German chemicals company headquartered in Essen, North Rhine-Westphalia, Germany. It is the second-largest chemicals company in Germany, and one of the largest specialty chemicals companies in the world. It is predominantly owned by the RAG Foundation and was founded on 12 September 2007 as a result of restructuring of the mining and technology group RAG AG.

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Country: Germany
Headquarters: Essen
Inception: September 12, 2007
Website: https://www.evonik.com

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