Weekly Recap: BASF takeover approach for Evonik (EVK) and 3,200 job cuts

Evonik Industries AG (XETR:EVK) jumped after confirming a nonbinding takeover approach from BASF and contact with major shareholder RAG—Stiftung, even as the company announced cuts of 3,200 jobs, exits of underperforming units and divestment processes including Oxeno and Syneqt.Previous Week RecapT…