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BASF Increases Bid for Chemicals Rival Evonik to Over €11 Billion

Source: Bloomberg

M&A & RestructuringCompany Fundamentals

BASF SE has boosted its takeover offer for German chemicals group Evonik Industries AG to more than €11 billion ($12.3 billion), according to people familiar with the matter. The report provides no further deal terms or confirmation from the companies.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.20

Ticker Sentiment

BAS0.65
EVK0.30

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