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via seekingalpha.comBusiness & Companies

Evonik rejects BASF's $12.5B takeover bid but leaves opening for informational talks

FROM THE WIRE · SEEKINGALPHA.COM

Evonik said it will not enter into negotiations with BASF, which has made an €11.2B (~$12.5B) offer for Germany’s second-largest chemical maker.

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: neutralA large cross-border takeover bid in the chemicals sector can move shares of both companies.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Evonik will not enter negotiations with BASF.
  2. 02BASF offered €11.2 billion (about $12.5 billion).
  3. 03Evonik is Germany's second-largest chemical maker and remains open to 'purely informational' talks.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
BASF SeBAS.XETRAStock53.32 EURMarket closedtoday -0.02%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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