Evonik Rejects Talks With BASF on Possible Takeover Offer
Evonik rejected negotiations with BASF regarding a possible takeover offer.
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08:17:31 AM UTC
SquawkNews
German chemicals group Evonik XETR:EVK said on Friday that BASF's XETR:BAS sweetened takeover offer was insufficient to start formal deal negotiations but it has asked the suitor's management to elaborate on the rationale of its bid."The Executive Board remains focused on its strategic direction an…