BASF's €22.15 per share bid for Evonik meets rejection, takeover talks continue
BASF offered €22.15 per Evonik share, a proposal the German chemicals maker declined, leaving the acquisition dispute unresolved.
The world’s largest chemical producer, BASF, submitted a non-binding offer of €22.15 per share to acquire Evonik, Germany’s second-largest chemicals firm. Evonik’s management turned down the proposal. Despite the refusal, the parties have not closed the discussion, and the potential merger remains a focal point amid a sector-wide crisis.
Why it matters
The outcome could dramatically alter market dynamics and employment in Germany’s key chemicals industry.
In this story
BASF offerEvonik rejectionchemical industry mergershare price €22.15German chemicals sector
