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 BASF offer as too low, sources say
German chemicals maker Evonik XETR:EVK has rejected a takeover offer of about €22.15 per share from larger peer BASF XETR:BAS as too low, two people familiar with the matter told Reuters on Monday.The Financial Times had earlier reported the news.BASF, which said on Friday it had proposed a potenti…