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Evonik Confirms Receipt Of Non-binding Takeover Offer From BASF, But No Talks Taking Place
Source: Nasdaq
M&A & RestructuringCompany FundamentalsCommodities & Raw Materials
Evonik Industries confirmed receiving a non-binding approach from larger rival BASF regarding a potential takeover offer. The confirmation raises the prospect of consolidation in specialty chemicals, though no terms, valuation, or binding agreement have been disclosed.
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