BASF confirmed last week that it was in exploratory talks with RAG-Stiftung and Evonik Industries regarding a potential takeover of Evonik
DUESSELDORF - German chemicals manufacturer Evonik has rejected a takeover offer from BASF with the initial proposal deemed to be too low.
Reuters reports that the initial offer was believed to be in the region of Evonik €10.3 billion.
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