M&AIndustrialsSIGNED
Evonik Rejects BASF's €10.3 Billion Bid to Consolidate Chemicals Industry
Value
€10.3Bn
Acquirer
BASF
Target
Evonik
Evonik has rejected a €10.3 billion bid from BASF, which aimed to consolidate the chemicals industry. The size of the premium offered may increase pressure on Evonik's management and its largest shareholder.
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