Evonik considering purchase of US peer such as Ashland, Handelsblatt says
Today 11:59
Evonik considering purchase of US peer such as Ashland, Handelsblatt says FRANKFURT, Oct 22 (Reuters) - German chemicals maker Evonik EVKn.DE, the target of takeover interest by larger peer BASF BASFn.DE, has itself been looking into the acquisition of a US rival, eyeing Ashland ASH.N in particular, Handelsblatt newspaper reported on Thursday.
The paper cited unspecified sources familiar with the matter.
It added the considerations have been ongoing for a while now but were still at an early stage.
(Reporting by Ludwig Burger
Editing by Linda Pasquini)
Recent news on Ashland
See all newsBASF to honour Evonik's commitments on sites, jobs in case of takeover, CEO says (updated)
BASF to honour Evonik's commitments on sites, jobs in case of takeover, CEO says
Evonik considering purchase of US peer such as Ashland, Handelsblatt says
Ancora offers to buy H.B. Fuller's adhesive unit for up to $1.2 billion in cash (updated)
Specialty chemicals firm Ashland weighs sale amid activist push, sources say (updated)