Evonik Industries Reportedly Rejects BASF's Acquisition Offer

LUDWIGSHAFEN (dpa-AFX) - Evonik Industries AG (EVKIF.PK) has rejected a 10.3 billion euros acquisition offer from its larger rival BASF SE (BAS.DE) as the proposal was too low to warrant negotiations or due diligence, according to a report by The Financial Times.Multiple media reports pointed out t…