ADNOC starts acceptance period for Covestro takeover offer
25/10/2024 07:43
BERLIN, Oct 25 (Reuters) - Abu Dhabi's ADNOC said on
Friday that the acceptance period for its voluntary public
takeover offer for German chemicals maker Covestro 1COV.DE has
started, with an end date of Nov. 27.
The company said the offer price was 62 euros ($67.06) per
share in cash, representing a premium of about 54% to the
unaffected share price of Covestro.
($1 = 0.9246 euros)
(Writing by Miranda Murray, Editing by Rachel More)
((Miranda.Murray@thomsonreuters.com;))