BASF raises Evonik offer to over €11 billion, Bloomberg News reports

BASF SE

Today 12:35

       Oct 23 (Reuters) - Germany-based BASF  BASFn.DE  has
increased its takeover offer for chemicals manufacturer Evonik
Industries  EVKn.DE  to more than €11 billion ($12.31 billion),
Bloomberg News reported on Friday, citing people familiar with
the matter.
    BASF's new bid for Evonik is around €24 per share, the
report said, adding that the revised offer comes with guarantees
on jobs and Evonik's productions sites.
    Reuters could not immediately verify the report.
     
    ($1 = 0.8933 euros)

    (Reporting by Sathvi G Bhat in Bengaluru; Editing by
Jonathan Ananda)
((Sathvi.GBhat@thomsonreuters.com))