Evonik Still Rejects BASF’s Increased Takeover Offer After Meeting
Evonik remains opposed to BASF’s increased takeover offer following weekend discussions between executives. No further meetings are scheduled, a person familiar with the matter told Reuters.
Evonik XETR:EVK continues to reject BASF's XETR:BAS increased takeover offer even after top executives of both companies met over the weekend for initial discussions of the approach, a person familiar with the matter told Reuters.No further meetings are currently scheduled, the source added.