Evonik rejects BASF's EUR 11.2B takeover bid

Evonik's board officially rejected BASF's second and improved takeover offer of EUR 24 per share, valuing Evonik at approximately EUR 11.2 billion. Evonik intends to remain independent but is open to informal talks.

“Evonik's board officially rejected BASF's second and improved takeover offer of EUR 24 per share, equivalent to approximately EUR 11.2 billion in total.”coatings-tech.com

• 1 source
• coatings-tech.comSpecialty Chemicals: Evonik Rejects BASF Takeover Bid - CoatingsTechNov 2, 2026

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