Business · 2 hours ago
BASF May Raise Offer for Evonik Takeover
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German chemicals giant BASF could raise its rejected takeover bid for rival Evonik if talks resume, people close to BASF told Reuters. Evonik rebuffed an approach worth about €10.3 billion, or €22.15 a share, as too low and says no negotiations are under way. The RAG Foundation, Evonik's largest shareholder, was due to discuss the matter. North Rhine-Westphalia has warned that jobs must be protected.
Reported by RTÉ · How we write briefs