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

BASF SE increased its takeover bid for Evonik Industries AG to over 11 billion euros, according to people familiar with the matter. The revised offer values the German chemicals company at approximately 12.3 billion dollars. No official announcement from either company has been made regarding the bid increase.

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

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