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BASF Pledges Evonik Job Guarantees as Takeover Push Builds
Source: Bloomberg
M&A & RestructuringManagement & Governance
BASF’s CEO promised to honor Evonik’s existing job guarantees through 2032 as BASF intensified lobbying for a €10.3 billion ($11.5 billion) takeover of the rival chemicals company. The article reports the proposed acquisition and employment assurance but gives no indication that the deal has been approved or completed.
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