BASF Says Evonik Rebuffed $12.5 Billion Takeover Bid
BASF said Evonik Industries refused to enter talks over its $12.5 billion takeover bid. Evonik said it received an approach from BASF last week.
By Michael HennesseyBASF said Evonik Industries refused to enter into talks over its takeover bid valued at $12.5 billion, a blow to the German chemical giant's attempts to challenge rivals from Asia and the Middle East.Evonik said Friday it received an approach last week from BASF about a voluntar…