BASF lifts Evonik takeover bid to over EUR 11 billion

BASF SE has raised its takeover offer for Evonik Industries AG to more than EUR 11 billion (USD 12.3 billion), Bloomberg reported on October 23, citing people familiar with the matter. The Ludwigshafen, Germany-based company has made a new bid of around EUR 24 (USD 26.83) per share, improving on a previous proposal that valued Evonik at roughly EUR 10.3 billion (USD 11.5 billion), according to the Bloomberg report. The…

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