Evonik rises as BASF reportedly raises takeover bid
Today 12:48
BUZZ-Evonik rises as BASF reportedly raises takeover bid ** Shares of Evonik EVKn.DE rise 3.7% after Bloomberg News reported that rival BASF BASFn.DE had raised its offer for the German chemicals maker to more than €11 billion ($12.3 billion)
** BASF's new bid for Evonik is around €24 per share, Bloomberg wrote citing people familiar with the matter, adding that the revised offer comes with guarantees on jobs and Evonik's productions sites
** The companies said in September that BASF had approached Evonik about a possible takeover
** BASF shares were flat
($1 = 0.8934 euros)
(Reporting by Tristan Veyet)
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