Evonik rejects BASF's $11.7 billion takeover bid, sources say
Sources said BASF offered about €22.15 per Evonik share in exploratory talks.
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Evonik rejects $11.7 billion BASF takeover bid, sources say
German chemicals manufacturer Evonik XETR:EVK has rejected a €10.3 billion ($11.70 billion) takeover bid from larger rival and BASF XETR:BAS for being too low, sources close to the negotiations told Reuters on Monday.BASF, one of the world's largest chemicals makers, had offered about €22.15 per Ev…