Evonik Set to Reject BASF’s Sweetened €11.18 Billion Bid, FT Reports
The Financial Times reports that Evonik is set to reject BASF’s takeover offer as too low, citing people familiar with the matter.
German chemicals firm Evonik (EVKN.DE) is set to reject BASF's (BASFN.DE) sweetened €11.18 billion ($12.48 billion) takeover bid as too low, the Financial Times reported on Thursday, citing people familiar with the matter.($1 = 0.8957 euros)