Evonik Rejects BASF Takeover Talks, Plans to Remain Independent
Evonik’s Executive Board decided not to enter takeover negotiations with BASF after reviewing a letter expressing interest in a voluntary public takeover offer.
WASHINGTON (dpa-AFX) - Evonik Industries AG (EVK.DE) on Friday said its Executive Board has decided not to enter into takeover negotiations with BASF SE after reviewing a letter expressing interest in making a voluntary public takeover offer.BASF sent the letter on October 22, outlining its interes…