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    Evonik rejects BASF offer as too low, sources say

    Picture of BASF SE logoBASF SE
    28/09/2026 14:53
    Evonik rejects BASF offer as too low, sources say
    DUESSELDORF, Germany, Sept 28 (Reuters) - German chemicals maker Evonik EVKn.DE has rejected a takeover offer of about €22.15 per share from larger peer BASF BASFn.DE as too low, two people familiar with the matter told Reuters on Monday.
    The Financial Times had earlier reported the news. 
    BASF, which said on Friday it had proposed a potential acquisition of Evonik, on Monday declined to comment on the size of the offer.
    Evonik declined to comment.

     (Reporting by Matthias Inverardi, writing by Ludwig Burger, editing by Thomas Seythal)
     ((ludwig.burger@thomsonreuters.com))

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