# 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.

- Type: Acquisition
- Announced: 2026-10-30
- Where: Germany
- Value: $11.8B (11.2B EUR)
- Status: cancelled
- Products: specialty chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [BASF](https://endata.com/companies/298.md) (acquirer)
- [Evonik](https://endata.com/companies/15139.md) (target)

## Sources

- [coatings-tech.com](https://www.coatings-tech.com/market-news/specialty-chemicals-evonik-rejects-basf-takeover-bid/), 2026-11-02: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.